TerraCom Limited (ASX:TER) Announces Interim Dividend of $0.01

TerraCom Limited (ASX:TER) announced a interim dividend on Friday, November 1st, MarketIndexAU reports. Shareholders of record on Thursday, December 5th will be given a dividend of 0.01 per share on Thursday, December 5th. This represents a yield of 5%. The ex-dividend date of this dividend is Wednesday, November 20th.

TerraCom Stock Performance

The company has a current ratio of 0.65, a quick ratio of 0.78 and a debt-to-equity ratio of 2.49.

Insider Transactions at TerraCom

In other TerraCom news, insider Mark Lochtenberg bought 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of A$0.17 ($0.11) per share, for a total transaction of A$330,000.00 ($217,105.26). In related news, insider Mark Ludski bought 250,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of A$0.18 ($0.12) per share, with a total value of A$45,000.00 ($29,605.26). Also, insider Mark Lochtenberg purchased 2,000,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average price of A$0.17 ($0.11) per share, with a total value of A$330,000.00 ($217,105.26). Corporate insiders own 21.21% of the company’s stock.

About TerraCom

TerraCom Limited develops and operates coal mines in Australia and South Africa. The company explores for hard and soft coking, thermal, and PCI coal. Its flagship property is the Blair Athol coal mine located in Clermont, Queensland. The company was formerly known as Guildford Coal Limited and changed its name to TerraCom Limited in November 2015.