Gear Energy Ltd. (TSE:GXE) Director Bindu Wyma sold 16,900 shares of the company’s stock in a transaction on Tuesday, September 21st. The stock was sold at an average price of C$0.68, for a total transaction of C$11,542.70.
TSE:GXE opened at C$0.73 on Thursday. The stock has a market cap of C$188.42 million and a PE ratio of 5.10. Gear Energy Ltd. has a fifty-two week low of C$0.15 and a fifty-two week high of C$1.01. The firm’s fifty day simple moving average is C$0.68 and its 200-day simple moving average is C$0.66. The company has a quick ratio of 0.30, a current ratio of 0.55 and a debt-to-equity ratio of 33.39.
Separately, Stifel Firstegy raised shares of Gear Energy from a “hold” rating to a “buy” rating in a research note on Friday, July 30th.
Gear Energy Ltd., an exploration and production company, 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.
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