Imperial Ginseng Products (CVE:IGP) Hits New 52-Week Low at $0.68

Imperial Ginseng Products Ltd. (CVE:IGP) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.68 and last traded at C$0.68, with a volume of 500 shares changing hands. The stock had previously closed at C$0.72.

The firm has a market cap of $4.99 million and a PE ratio of -2.65. The company has a debt-to-equity ratio of 10.03, a quick ratio of 2.31 and a current ratio of 5.30. The firm’s 50-day moving average price is C$0.72.

Imperial Ginseng Products (CVE:IGP) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C($0.36) earnings per share (EPS) for the quarter. The firm had revenue of C$2.27 million during the quarter.

In other news, insider Robert Hugh Cartwright sold 10,000 shares of Imperial Ginseng Products stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of C$80.00, for a total transaction of C$800,000.00. Following the completion of the sale, the insider now owns 546,207 shares in the company, valued at approximately C$43,696,560. In the last quarter, insiders have sold 30,500 shares of company stock valued at $815,075.

About Imperial Ginseng Products (CVE:IGP)

Imperial Ginseng Products Ltd. cultivates and processes ginseng in the province of Ontario. It is also involved in the sale of dried ginseng to wholesalers through distributors in Asia and North America. The company was founded in 1989 and is headquartered in Vancouver, Canada.

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