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

Gold Road Resources Limited (ASX:GOR) insider Duncan Gibbs acquired 266,475 shares of the company’s stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of A$2.52 ($1.59) per share, with a total value of A$671,517.00 ($425,010.76).

Gold Road Resources Stock Performance

The firm has a market capitalization of $2.80 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. The company has a current ratio of 2.26, a quick ratio of 2.68 and a debt-to-equity ratio of 12.99.

Gold Road Resources Increases Dividend

The firm also recently disclosed a Final dividend, which will be paid on Sunday, March 30th. Investors of record on Sunday, March 30th will be paid a dividend of $0.015 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, February 25th. This is an increase from Gold Road Resources’s previous Final dividend of $0.01. Gold Road Resources’s dividend payout ratio (DPR) is presently 22.22%.

Gold Road Resources Company Profile

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.