Gear Energy Ltd (TSE:GXE) Director Ingram Gillmore purchased 20,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was acquired at an average price of C$0.55 per share, with a total value of C$11,000.00. Following the completion of the transaction, the director now owns 1,390,644 shares in the company, valued at approximately C$764,854.20.

GXE opened at C$0.54 on Wednesday. Gear Energy Ltd has a twelve month low of C$0.44 and a twelve month high of C$1.44. The company has a debt-to-equity ratio of 50.87, a quick ratio of 0.67 and a current ratio of 1.21. The business’s fifty day moving average price is C$0.57. The firm has a market capitalization of $124.86 million and a PE ratio of 45.00.

Gear Energy (TSE:GXE) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.01 by C($0.04). The firm had revenue of C$31.84 million for the quarter, compared to the consensus estimate of C$31.90 million. On average, equities research analysts anticipate that Gear Energy Ltd will post 0.06 EPS for the current fiscal year.

Several brokerages have issued reports on GXE. GMP Securities restated a “buy” rating and issued a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Cormark decreased their price objective on shares of Prairie Provident Resources from C$0.45 to C$0.40 in a research report on Tuesday, April 23rd. Finally, National Bank Financial decreased their price objective on shares of Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th.

About Gear Energy

Gear Energy Ltd. acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its oil-focused operations are located in three core areas, including Lloydminster heavy oil, Central Alberta light/medium oil, and Southeast Saskatchewan light oil. The company is headquartered in Calgary, Canada.

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