Gear Energy Ltd. (TSE:GXE - Get Free Report) Director Scott Robinson acquired 100,000 shares of the business's stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of C$0.51 per share, with a total value of C$51,000.00.
Gear Energy Price Performance
GXE stock traded up C$0.02 during trading on Tuesday, hitting C$0.52. 440,296 shares of the company's stock traded hands, compared to its average volume of 542,887. The business has a fifty day simple moving average of C$0.51 and a 200 day simple moving average of C$0.58. Gear Energy Ltd. has a 52 week low of C$0.45 and a 52 week high of C$0.80. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.56 and a current ratio of 0.95. The stock has a market capitalization of C$137.06 million, a price-to-earnings ratio of 10.40 and a beta of 3.52.
Gear Energy (TSE:GXE - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate 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 company had revenue of C$38.82 million during the quarter, compared to analysts' expectations of C$38.70 million. As a group, research analysts expect that Gear Energy Ltd. will post 0.1399549 EPS for the current fiscal year.
Gear Energy Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a dividend yield of 11.54%. The ex-dividend date of this dividend was Monday, December 16th. Gear Energy's dividend payout ratio is currently 120.00%.
Analyst Upgrades and Downgrades
Separately, Atb Cap Markets downgraded Gear Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 15th.
Check Out Our Latest Stock Report on Gear Energy
About Gear Energy
(
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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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