Shares of Gear Energy Ltd. (TSE:GXE – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.69 and traded as low as C$0.65. Gear Energy shares last traded at C$0.66, with a volume of 183,992 shares.
Gear Energy Stock 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’s 50-day moving average is C$0.69 and its two-hundred day moving average is C$0.69. The stock has a market capitalization of C$173.96 million, a P/E ratio of 13.20 and a beta of 3.57.
Gear Energy (TSE:GXE – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.04. Gear Energy had a return on equity of 5.36% and a net margin of 9.65%. As a group, sell-side analysts anticipate that Gear Energy Ltd. will post 0.1100164 EPS for the current fiscal year.
Gear Energy Announces Dividend
Insider Buying and Selling
In other Gear Energy news, Senior Officer Bryan Dozzi sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of C$0.71, for a total transaction of C$71,000.00. Corporate 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.
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