Gear Energy Ltd. (GXE) To Go Ex-Dividend on October 15th

Gear Energy Ltd. (TSE:GXE) announced a monthly dividend on Wednesday, October 2nd, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.005 per share on Thursday, October 31st. This represents a $0.06 annualized dividend and a yield of 10.00%. The ex-dividend date of this dividend is Tuesday, October 15th.

Gear Energy Price Performance

Shares of TSE:GXE opened at C$0.60 on Friday. The firm has a market capitalization of C$158.15 million, a PE ratio of 12.00 and a beta of 3.56. 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 company has a 50-day moving average price of C$0.65 and a two-hundred day moving average price of C$0.68. Gear Energy has a twelve month low of C$0.57 and a twelve month high of C$0.89.

Gear Energy (TSE:GXE) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. Gear Energy had a return on equity of 5.36% and a net margin of 9.65%. The firm had revenue of C$40.76 million during the quarter, compared to analyst estimates of C$40.20 million. Equities analysts forecast that Gear Energy will post 0.1398601 EPS for the current year.

Insider Transactions at Gear Energy

In other Gear Energy news, Director Scott Robinson purchased 74,000 shares of the stock in a transaction on Thursday, October 3rd. The shares were purchased at an average price of C$0.59 per share, with a total value of C$43,978.20. In other news, Senior Officer Bryan Dozzi sold 100,000 shares of Gear Energy stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of C$0.71, for a total transaction of C$71,000.00. Also, Director Scott Robinson bought 74,000 shares of Gear Energy stock in a transaction that occurred 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 7.57% of the company’s stock.

Gear Energy Company Profile

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.