ERM Power (ASX:EPW) Hits New 12-Month High at $2.50

ERM Power Ltd (ASX:EPW)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as A$2.50 ($1.77) and last traded at A$2.45 ($1.73), with a volume of 1236365 shares traded. The stock had previously closed at A$1.72 ($1.22).

The firm has a market capitalization of $613.21 million and a P/E ratio of -9.80. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 53.49. The company has a 50-day moving average of A$1.86 and a 200-day moving average of A$1.81.

The business also recently announced a Final dividend, which will be paid on Wednesday, October 9th. Investors of record on Wednesday, October 9th will be given a dividend of $0.045 per share. This represents a yield of 1.84%. The ex-dividend date is Friday, September 13th. ERM Power’s dividend payout ratio is currently -36.00%.

In related news, insider Jon Stretch sold 360,000 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of A$1.89 ($1.34), for a total transaction of A$678,600.00 ($481,276.60).

About ERM Power (ASX:EPW)

ERM Power Limited, a diversified energy company, engages in the generation and sale of electricity in Australia and the United States. It operates through Business Energy Australia, Generation Assets, and Other segments. The company operates 662 megawatts of low emission gas-fired power stations in Western Australia and Queensland.

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