Mark Blackburn Purchases 9,084,386 Shares of Pro-Pac Packaging Limited (ASX:PPG) Stock

Pro-Pac Packaging Limited (ASX:PPG) insider Mark Blackburn acquired 9,084,386 shares of the stock in a transaction dated Tuesday, April 1st. The stock was acquired at an average price of A$0.01 ($0.00) per share, with a total value of A$45,421.93 ($27,528.44).

Pro-Pac Packaging Stock Performance

The firm has a market cap of $4.00 million, a P/E ratio of -0.07 and a beta of 0.67. The company has a debt-to-equity ratio of 86.38, a quick ratio of 0.76 and a current ratio of 1.11.

Pro-Pac Packaging Company Profile

Pro-Pac Packaging Limited, together with its subsidiaries, manufactures and distributes flexible, distribution, and rigid packaging products in Australia and New Zealand. It operates through Flexibles and Distribution segments. The Flexibles segment manufactures flexible packaging materials products, such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and distribution protective films.