Imperial Ginseng Products Ltd. (IGP) Insider Sells C$800,000.00 in Stock

Imperial Ginseng Products Ltd. (CVE:IGP) insider Robert Hugh Cartwright sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of C$80.00, for a total transaction of C$800,000.00. Following the sale, the insider now owns 546,207 shares of the company’s stock, valued at approximately C$43,696,560.

Shares of CVE IGP remained flat at $C$0.81 during midday trading on Friday. The stock has a market capitalization of $5.89 million and a PE ratio of 7.64. The company has a debt-to-equity ratio of 11.77, a quick ratio of 1.96 and a current ratio of 5.50. Imperial Ginseng Products Ltd. has a 12 month low of C$0.80 and a 12 month high of C$1.89.

Imperial Ginseng Products (CVE:IGP) last announced its quarterly earnings results on Thursday, February 28th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$4.24 million for the quarter.

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About Imperial Ginseng Products

Imperial Ginseng Products Ltd. cultivates and processes ginseng in the province of Ontario. It is also involved in the sale of dried ginseng to wholesalers through distributors in Asia and North America. The company was founded in 1989 and is headquartered in Vancouver, Canada.

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