Majedie Investments (LON:MAJE) Shares Up 1.3% – Still a Buy?

Majedie Investments (LON:MAJE)’s share price was up 1.3% on Monday . The company traded as high as GBX 240 ($3.06) and last traded at GBX 236 ($3.01). Approximately 13,379 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 40,524 shares. The stock had previously closed at GBX 233 ($2.97).

Majedie Investments Price Performance

The stock’s 50 day moving average price is GBX 232.74 and its two-hundred day moving average price is GBX 236.22. The company has a debt-to-equity ratio of 14.44, a current ratio of 0.22 and a quick ratio of 8.62. The firm has a market capitalization of £125.08 million, a price-to-earnings ratio of 761.29 and a beta of 0.87.

Majedie Investments Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were paid a GBX 2.10 ($0.03) dividend. This represents a dividend yield of 0.92%. This is a boost from Majedie Investments’s previous dividend of $2.00. The ex-dividend date was Thursday, November 14th. Majedie Investments’s payout ratio is presently 2,580.65%.

About Majedie Investments

Majedie Investments PLC is a public fund launched and managed by Majedie Asset Management Limited. The fund invests in public equity markets across the globe. Majedie Investments PLC was formed in October 1985 and is based in London, United Kingdom.