Duncan Gibbs Purchases 266,475 Shares of Gold Road Resources Limited (ASX:GOR) Stock

Gold Road Resources Limited (ASX:GOR) insider Duncan Gibbs purchased 266,475 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price 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 debt-to-equity ratio of 12.99, a quick ratio of 2.68 and a current ratio of 2.26. The company has a market cap of $2.80 billion, a P/E ratio of 27.11, a PEG ratio of 0.90 and a beta of 0.62.

Gold Road Resources Increases Dividend

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

About Gold Road Resources

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.