Terracom Ltd (ASX:TER) to Issue $0.01 Interim Dividend

Terracom Ltd (ASX:TER) announced a interim dividend on Thursday, October 24th, MarketIndexAU reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.01 per share on Wednesday, November 13th. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 29th.

TER stock traded up A$0.02 ($0.01) during trading hours on Tuesday, reaching A$0.37 ($0.26). 32,517 shares of the stock were exchanged, compared to its average volume of 155,593. Terracom has a 12 month low of A$0.34 ($0.24) and a 12 month high of A$0.70 ($0.50). The firm’s 50-day moving average is A$0.40 and its 200-day moving average is A$0.51. The company has a debt-to-equity ratio of 313.41, a current ratio of 0.78 and a quick ratio of 0.63. The company has a market cap of $170.51 million and a price-to-earnings ratio of -13.04.

Terracom Company Profile

TerraCom Limited engages in the exploration, extraction, and production of coal in Australia and Mongolia. It explores for hard coking, thermal, and PCI coal. The company primarily focuses on the Northern Galilee project comprising the Hughenden, the Clyde Park coal, and the Pentland projects that are located in the Galilee Basin, Queensland; and the Springsure project, which consists of 11 sub-blocks with a total surface area of approximately 41.42 square kilometers that is located in the Central-Western Bowen basin coal mining district, Queensland.

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