Gear Energy Ltd. (TSE:GXE) Director Scott Robinson Acquires 100,000 Shares

Gear Energy Ltd. (TSE:GXE) Director Scott Robinson acquired 100,000 shares of Gear Energy stock in a transaction on Friday, January 31st. The shares were purchased at an average price of C$0.51 per share, for a total transaction of C$51,000.00.

Gear Energy Stock Performance

Shares of GXE stock opened at C$0.51 on Monday. Gear Energy Ltd. has a fifty-two week low of C$0.45 and a fifty-two week high of C$0.80. The stock’s fifty day moving average price is C$0.51 and its two-hundred day moving average price is C$0.58. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.56 and a current ratio of 0.95. The company has a market cap of C$134.43 million, a PE ratio of 10.20 and a beta of 3.52.

Gear Energy (TSE:GXE) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.01). Gear Energy had a return on equity of 5.36% and a net margin of 9.65%. The business had revenue of C$38.82 million for the quarter, compared to the consensus estimate of C$38.70 million. Equities analysts predict that Gear Energy Ltd. will post 0.1399549 EPS for the current fiscal year.

Gear Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.005 per share. This represents a $0.06 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date of this dividend was Monday, December 16th. Gear Energy’s dividend payout ratio is 120.00%.

Wall Street Analyst Weigh In

Separately, Atb Cap Markets lowered shares of Gear Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

About Gear Energy

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.