Gear Energy Ltd (TSE:GXE) Director Acquires C$11,000.00 in Stock
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.
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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