Majedie Investments (LON:MAJE) Reaches New 1-Year High – Time to Buy?

Majedie Investments (LON:MAJE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 260 ($3.25) and last traded at GBX 254.63 ($3.18), with a volume of 48298 shares. The stock had previously closed at GBX 256 ($3.20).

Majedie Investments Trading Down 3.5 %

The firm has a market capitalization of £131.44 million, a P/E ratio of 800.00 and a beta of 0.87. The company has a current ratio of 0.22, a quick ratio of 8.62 and a debt-to-equity ratio of 14.44. The company’s fifty day moving average is GBX 234.46 and its 200-day moving average is GBX 236.68.

Majedie Investments Increases Dividend

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

Majedie Investments Company Profile

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.