Insider Buying: Spicers Limited (ASX:SRS) Insider Buys A$852,000.00 in Stock

Spicers Limited (ASX:SRS) insider Andrew Preece purchased 12,000,000 shares of the stock in a transaction dated Thursday, July 4th. The shares were bought at an average cost of A$0.07 ($0.05) per share, for a total transaction of A$852,000.00 ($604,255.32).

Spicers stock opened at A$0.07 ($0.05) on Friday. The company has a quick ratio of 1.69, a current ratio of 2.70 and a debt-to-equity ratio of 2.81. The company has a market cap of $146.04 million and a PE ratio of -35.50.

Spicers Company Profile

Spicers Limited sources, stocks, and distributes various materials, equipment, and solutions for commercial printing, sign and display, pressure sensitive labelling, architectural, and packaging markets primarily in Australia, New Zealand, and Asia. The company's print and packaging products include coated and uncoated fine, carbonless, synthetic, and digital papers; specialty papers, such as colored, textured, embossable papers; cardboard packaging materials; pressure sensitive label materials; and other industrial packaging products, including protective packaging and wrapping films, and self-adhesive tapes.

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