Gear Energy Ltd (TSE:GXE) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.43 and traded as low as $0.37. Gear Energy shares last traded at $0.37, with a volume of 112,595 shares traded.

A number of research firms have weighed in on GXE. Stifel Firstegy lowered shares of Gear Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Beacon Securities reiterated a “buy” rating on shares of Gear Energy in a research report on Thursday, December 19th. Finally, National Bank Financial dropped their price target on shares of Gear Energy from C$0.75 to C$0.65 and set an “outperform” rating for the company in a research report on Friday, January 31st.

The firm has a market capitalization of $78.65 million and a P/E ratio of 5.93. The stock’s 50-day simple moving average is C$0.42 and its two-hundred day simple moving average is C$0.44. The company has a debt-to-equity ratio of 39.62, a current ratio of 1.36 and a quick ratio of 0.64.

Gear Energy Company Profile (TSE:GXE)

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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