Insider Buying: Gold Road Resources Limited (ASX:GOR) Insider Acquires 266,475 Shares of Stock

Gold Road Resources Limited (ASX:GORGet Free Report) insider Duncan Gibbs acquired 266,475 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of A$2.52 ($1.59) per share, for a total transaction of A$671,517.00 ($425,010.76).

Gold Road Resources Price Performance

The company has a current ratio of 2.26, a quick ratio of 2.68 and a debt-to-equity ratio of 12.99. The company has a market cap of $2.80 billion, a PE ratio of 27.11, a PEG ratio of 0.90 and a beta of 0.62.

Gold Road Resources Increases Dividend

The business also recently disclosed a Final dividend, which will be paid on Sunday, March 30th. Shareholders of record on Sunday, March 30th will be issued a $0.015 dividend. This is an increase from Gold Road Resources’s previous Final dividend of $0.01. This represents a dividend yield of 0.6%. The ex-dividend date is Tuesday, February 25th. Gold Road Resources’s payout ratio is currently 22.22%.

Gold Road Resources Company Profile

(Get Free Report)

Gold Road Resources Limited, together with its subsidiaries, engages in the exploration of gold properties in Western Australia. It owns 50% interest in the Gruyere gold mine located in north-east of Perth. The company was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010.

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