Gear Energy Ltd. (TSE:GXE - Get Free Report) Director Don Gray acquired 1,953,000 shares of the business's stock in a transaction on Monday, January 27th. The shares were bought at an average price of C$0.50 per share, with a total value of C$976,500.00.
Gear Energy Stock Performance
Shares of Gear Energy stock traded up C$0.01 during trading on Monday, reaching C$0.51. The company's stock had a trading volume of 788,081 shares, compared to its average volume of 593,738. The company has a quick ratio of 0.56, a current ratio of 0.95 and a debt-to-equity ratio of 6.26. The business's 50-day moving average price is C$0.51 and its 200-day moving average price is C$0.59. Gear Energy Ltd. has a 52 week low of C$0.45 and a 52 week high of C$0.80. The firm has a market cap of C$134.43 million, a PE ratio of 10.20 and a beta of 3.52.
Gear Energy (TSE:GXE - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.04 by C($0.01). Gear Energy had a return on equity of 5.36% and a net margin of 9.65%. The business had revenue of C$38.82 million for the quarter, compared to analyst estimates of C$38.70 million. Equities analysts forecast that Gear Energy Ltd. will post 0.1399549 earnings per share for the current year.
Gear Energy Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.005 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.06 annualized dividend and a yield of 11.76%. Gear Energy's dividend payout ratio is presently 120.00%.
Analyst Ratings Changes
Separately, Atb Cap Markets cut Gear Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 15th.
View Our Latest Stock Report on GXE
Gear Energy Company Profile
(
Get Free Report)
Gear Energy Ltd., an exploration and production company, engages in the acquiring, developing, and holding of interests in petroleum and natural gas properties and assets in Canada. The company's oil properties are located in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan.
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