GTN (ASX:GTN) Shares Up 1.4%

Gtn Ltd (ASX:GTN)’s stock price shot up 1.4% during trading on Friday . The company traded as high as A$0.75 ($0.53) and last traded at A$0.75 ($0.53), 11,539 shares traded hands during mid-day trading. The stock had previously closed at A$0.74 ($0.52).

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The company has a debt-to-equity ratio of 26.48, a quick ratio of 2.57 and a current ratio of 2.67. The firm has a market cap of $167.81 million and a P/E ratio of 10.71. The business’s 50-day simple moving average is A$0.77 and its 200 day simple moving average is A$0.98.

In related news, insider Robert (Rob) Loewenthal bought 80,876 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average price of A$0.81 ($0.57) per share, with a total value of A$65,428.68 ($46,403.32).

GTN Company Profile (ASX:GTN)

King Island Scheelite Limited operates in the mining industry. It focuses on the redevelopment of its 100% Dolphin tungsten project in King Island, Tasmania. The company was formerly known as GTN Resources Limited and changed its name to King Island Scheelite Limited in October 2005. King Island Scheelite Limited was incorporated in 1966 and is based in Sydney, Australia.

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