Insider Buying: Comms Group Limited (ASX:CCG) Insider Acquires 1,000,000 Shares of Stock

Comms Group Limited (ASX:CCG) insider Ryan O’Hare bought 1,000,000 shares of the company’s stock in a transaction on Monday, March 24th. The stock was purchased at an average price of A$0.05 ($0.03) per share, with a total value of A$48,000.00 ($30,188.68).

Ryan O’Hare also recently made the following trade(s):

• On Tuesday, March 11th, Ryan O’Hare acquired 1,000,000 shares of Comms Group stock. The stock was acquired at an average cost of A$0.05 ($0.03) per share, for a total transaction of A$54,000.00 ($33,962.26).
• On Monday, January 13th, Ryan O’Hare acquired 200,000 shares of Comms Group stock. The stock was acquired at an average cost of A$0.08 ($0.05) per share, with a total value of A$16,000.00 ($10,062.89).

Comms Group Stock Performance

The stock has a market cap of $29.59 million, a P/E ratio of -283.71 and a beta of 1.05. The company has a quick ratio of 0.56, a current ratio of 0.68 and a debt-to-equity ratio of 29.49.

Comms Group Announces Dividend

The business also recently disclosed a Interim dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.001 per share. This represents a dividend yield of 2.12%. The ex-dividend date is Thursday, March 27th.

About Comms Group

Comms Group Limited provides telecommunications and Information Technology (IT) services in Australia, New Zealand, Singapore, and internationally. It offers IT managed, cloud hosting, cloud communications, and unified communications services. The company was formerly known as CommsChoice Group Limited and changed its name to Comms Group Limited in November 2020.