Pro-Pac Packaging (ASX:PPG) Insider Acquires A$30,900.00 in Stock

Pro-Pac Packaging (ASX:PPG) insider Darren Brown bought 206,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average price of A$0.15 ($0.11) per share, for a total transaction of A$30,900.00 ($22,071.43).

The business has a 50-day simple moving average of A$0.15. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 89.71.

The company also recently disclosed a Final dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, October 7th will be given a $0.004 dividend. This represents a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, September 15th.

Pro-Pac Packaging Company Profile

Pro-Pac Packaging Limited, together with its subsidiaries, manufactures and distributes industrial, flexible, and rigid packaging products in Australia. The company's Industrial Packaging division manufactures, sources, and distributes industrial packaging materials, and related products and services.

Further Reading: Current Ratio

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