Glacier Media (TSE:GVC) Sets New 1-Year High – What’s Next?

Glacier Media Inc. (TSE:GVC)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$0.38 and last traded at C$0.38, with a volume of 1345 shares changing hands. The stock had previously closed at C$0.38.

Glacier Media Trading Down 3.9%

The stock’s fifty day moving average price is C$0.36 and its 200 day moving average price is C$0.34. The stock has a market cap of C$47.86 million, a P/E ratio of 2.45 and a beta of 0.61. The company has a current ratio of 0.78, a quick ratio of 1.23 and a debt-to-equity ratio of 21.58.

Glacier Media (TSE:GVC) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$30.23 million during the quarter. Glacier Media had a negative net margin of 63.78% and a negative return on equity of 89.90%. Equities research analysts expect that Glacier Media Inc. will post 0.07 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Mark Thomas Melville acquired 95,500 shares of Glacier Media stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of C$0.34 per share, with a total value of C$32,470.00. Following the transaction, the insider directly owned 359,864 shares in the company, valued at approximately C$122,353.76. This represents a 36.12% increase in their ownership of the stock. 61.79% of the stock is currently owned by company insiders.

About Glacier Media

Glacier Media Inc offers information and marketing solutions. It operates in three segments Environmental, Property and Financial Information; Commodity Information; and Community Media. Environmental, Property and Financial Information includes the company’s business to business content, marketing solutions and data information products that are environmental, and property-related. The Commodity Information includes the business-to-business content, marketing solutions and data information products which are agriculture, energy and mining-related.