Gear Energy Ltd. (TSE:GXE – Get Free Report) Director Scott Robinson acquired 74,000 shares of the company’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.
Gear Energy Stock Performance
Shares of GXE opened at C$0.62 on Friday. The stock has a 50 day moving average price of C$0.64 and a 200 day moving average price of C$0.68. Gear Energy Ltd. has a 52-week low of C$0.57 and a 52-week high of C$0.89. 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 market capitalization of C$163.42 million, a price-to-earnings ratio of 12.40 and a beta of 3.56.
Gear Energy (TSE:GXE – Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported C$0.04 EPS for the quarter, meeting analysts’ consensus estimates of C$0.04. The business had revenue of C$40.76 million during the quarter, compared to analysts’ expectations of C$40.20 million. Gear Energy had a net margin of 9.65% and a return on equity of 5.36%. Research analysts predict that Gear Energy Ltd. will post 0.1398601 EPS for the current fiscal year.
Gear Energy Announces Dividend
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.
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