Gear Energy Ltd. (TSE:GXE) Senior Officer Bryan Dozzi Sells 34,300 Shares

Gear Energy Ltd. (TSE:GXE) Senior Officer Bryan Dozzi sold 34,300 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of C$0.71, for a total value of C$24,353.00.

Gear Energy Price Performance

Gear Energy stock remained flat at C$0.70 during midday trading on Friday. 122,138 shares of the company were exchanged, compared to its average volume of 364,783. The company has a quick ratio of 0.56, a current ratio of 1.04 and a debt-to-equity ratio of 8.94. Gear Energy Ltd. has a 1 year low of C$0.60 and a 1 year high of C$1.14. The company has a market capitalization of C$183.58 million, a P/E ratio of 23.33 and a beta of 3.80. The business has a 50-day moving average of C$0.66 and a two-hundred day moving average of C$0.70.

Gear Energy (TSE:GXE) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.05). Gear Energy had a return on equity of 3.52% and a net margin of 6.61%. The firm had revenue of C$37.52 million for the quarter. On average, analysts expect that Gear Energy Ltd. will post 0.1200717 EPS for the current fiscal year.

Gear Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.005 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.06 dividend on an annualized basis and a yield of 8.57%. Gear Energy’s payout ratio is presently 200.00%.

Wall Street Analysts Forecast Growth

Separately, ATB Capital dropped their price target on shares of Gear Energy from C$1.25 to C$1.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th.

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 focused operations on Lloydminster heavy oil, Central Alberta light/medium oil, and Southeast Saskatchewan light oil areas.