Imdex (ASX:IMD) Stock Price Crosses Above 50-Day Moving Average of $1.48

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Imdex Limited (ASX:IMD) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.48 and traded as high as $1.54. Imdex shares last traded at $1.50, with a volume of 855,925 shares changing hands.

The company has a current ratio of 3.92, a quick ratio of 2.59 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $566.34 million and a price-to-earnings ratio of 21.36. The firm’s 50 day simple moving average is A$1.48 and its 200-day simple moving average is A$1.44.

In other Imdex news, insider Bernard Ridgeway sold 600,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of A$1.60 ($1.13), for a total value of A$960,000.00 ($680,851.06).

About Imdex (ASX:IMD)

Imdex Limited provides mining equipment, technology, and services for the minerals industry in the Asia Pacific, Europe, the Middle East, Africa, the Americas, and internationally. The company develops, manufactures, sells, and rents drilling fluids, solids removal equipment, downhole instrumentation, and data management and analytical software for drilling optimization and geological modelling.

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