Dale Robert Maclean Buys 38,000 Shares of Tree Island Steel Ltd. (TSE:TSL) Stock

Tree Island Steel Ltd. (TSE:TSL) Senior Officer Dale Robert Maclean acquired 38,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average cost of C$2.49 per share, with a total value of C$94,722.60. Following the completion of the transaction, the insider now owns 416,050 shares in the company, valued at approximately C$1,037,087.84.

Dale Robert Maclean also recently made the following trade(s):

  • On Thursday, May 30th, Dale Robert Maclean bought 1,500 shares of Tree Island Steel stock. The stock was purchased at an average cost of C$2.19 per share, with a total value of C$3,285.00.
  • On Friday, May 17th, Dale Robert Maclean bought 3,500 shares of Tree Island Steel stock. The stock was acquired at an average price of C$2.25 per share, for a total transaction of C$7,875.00.

TSE:TSL opened at C$2.17 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.43 and a debt-to-equity ratio of 189.18. The company has a market capitalization of $62.07 million and a P/E ratio of 166.92. Tree Island Steel Ltd. has a 12 month low of C$1.88 and a 12 month high of C$3.26.

Tree Island Steel (TSE:TSL) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C($0.04) EPS for the quarter. The company had revenue of C$52.94 million for the quarter. As a group, sell-side analysts expect that Tree Island Steel Ltd. will post 0.22 EPS for the current year.

Separately, Raymond James reaffirmed an “outperform” rating and issued a C$3.50 price target on shares of Tree Island Steel in a report on Thursday, February 21st.

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Tree Island Steel Company Profile

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, waste, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars; and wirelines for use in the oil industry.

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Insider Buying and Selling by Quarter for Tree Island Steel (TSE:TSL)

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