ERM Power (ASX:EPW) Sets New 52-Week High at $2.50

ERM Power Ltd (ASX:EPW)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as A$2.50 ($1.77) and last traded at A$2.45 ($1.73), with a volume of 1236365 shares trading hands. The stock had previously closed at A$1.72 ($1.22).

The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 53.49. The firm has a 50 day simple moving average of A$1.86 and a 200-day simple moving average of A$1.81. The stock has a market cap of $613.21 million and a P/E ratio of -9.80.

The company also recently announced a Final dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Wednesday, October 9th will be given a $0.045 dividend. This represents a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, September 13th. ERM Power’s payout ratio is -36.00%.

In other news, insider Jon Stretch sold 360,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of A$1.89 ($1.34), for a total value of A$678,600.00 ($481,276.60).

About ERM Power (ASX:EPW)

ERM Power Limited, a diversified energy company, engages in the generation and sale of electricity in Australia and the United States. It operates through Business Energy Australia, Generation Assets, and Other segments. The company operates 662 megawatts of low emission gas-fired power stations in Western Australia and Queensland.

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