Insider Selling: Atlas Pearls Limited (ASX:ATP) Insider Sells A$2,235,030.00 in Stock

Atlas Pearls Limited (ASX:ATP) insider Timothy Martin sold 17,880,240 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of A$0.13 ($0.08), for a total value of A$2,235,030.00 ($1,425,583.62).

Timothy Martin also recently made the following trade(s):

• On Wednesday, March 5th, Timothy Martin sold 44,080 shares of Atlas Pearls stock. The stock was sold at an average price of A$0.16 ($0.10), for a total value of A$7,229.12 ($4,611.00).
• On Friday, March 7th, Timothy Martin sold 145,002 shares of Atlas Pearls stock. The shares were sold at an average price of A$0.15 ($0.10), for a total value of A$22,330.31 ($14,243.08).
• On Monday, March 10th, Timothy Martin sold 38,811 shares of Atlas Pearls stock. The stock was sold at an average price of A$0.15 ($0.10), for a total transaction of A$5,821.65 ($3,713.26).

Atlas Pearls Stock Performance

The stock has a market cap of $64.05 million, a price-to-earnings ratio of 2.02 and a beta of 0.42. The company has a current ratio of 5.19, a quick ratio of 0.63 and a debt-to-equity ratio of 0.52.

Atlas Pearls Cuts Dividend

The firm also recently announced a Interim dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 5th. This represents a dividend yield of 6.9%.

Atlas Pearls Company Profile

Atlas Pearls Limited produces and sells south sea pearls in Australia and Indonesia. It owns and operates silver and white pearl farms. The company also manufactures and sells pearl jewelry and related products. In addition, it operates online retail stores. The company was formerly known as Atlas Pearls and Perfumes Limited and changed its name to Atlas Pearls Ltd in December 2017.