Insider Selling: Namoi Cotton Limited (ASX:NAM) Insider Sells 490,018 Shares of Stock

Namoi Cotton Limited (ASX:NAM) insider Juanita Hamparsum sold 490,018 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of A$0.77 ($0.52), for a total transaction of A$377,313.86 ($254,941.80).

Namoi Cotton Stock Performance

The company has a quick ratio of 0.33, a current ratio of 2.16 and a debt-to-equity ratio of 21.77.

About Namoi Cotton

Namoi Cotton Limited, together with its subsidiaries, engages in the ginning and supply chain and marketing of cotton in Australia, China, Japan, South Korea, and Thailand. It operates a network of cotton gins in New South Wales and southern Queensland. The company is also involved in the purchase and sale of lint cotton from growers.