Shares of Gear Energy Ltd. (TSE:GXE - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.52 and last traded at C$0.54, with a volume of 693717 shares. The stock had previously closed at C$0.52.
Wall Street Analyst Weigh In
Separately, Atb Cap Markets lowered Gear Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 15th.
Check Out Our Latest Stock Analysis on GXE
Gear Energy Price Performance
The company has a current ratio of 0.95, a quick ratio of 0.56 and a debt-to-equity ratio of 6.26. The company has a market capitalization of C$137.06 million, a P/E ratio of 10.40 and a beta of 3.52. The firm's 50 day moving average price is C$0.60 and its two-hundred day moving average price is C$0.67.
Gear Energy Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 11.54%. The ex-dividend date is Friday, November 15th. Gear Energy's dividend payout ratio (DPR) is currently 120.00%.
Insiders Place Their Bets
In related news, Director Scott Robinson purchased 74,000 shares of the firm's stock in a transaction on Thursday, October 3rd. The stock was purchased at an average cost of C$0.59 per share, for a total transaction of C$43,978.20. Insiders own 7.62% of the company's stock.
About Gear Energy
(
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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