Separately, Stifel Firstegy cut shares of Gear Energy from a buy rating to a hold rating in a research note on Friday, February 18th.
Shares of TSE:GXE opened at C$1.62 on Thursday. Gear Energy has a one year low of C$0.53 and a one year high of C$1.94. The company has a debt-to-equity ratio of 13.24, a current ratio of 1.03 and a quick ratio of 0.57. The company has a market cap of C$421.47 million and a price-to-earnings ratio of 5.23. The firm has a 50 day simple moving average of C$1.58 and a 200 day simple moving average of C$1.25.
In other news, Director Don Gray purchased 20,000 shares of the business’s stock in a transaction on Friday, March 11th. The shares were acquired at an average price of C$1.65 per share, with a total value of C$33,000.00. Following the completion of the transaction, the director now owns 9,171,280 shares of the company’s stock, valued at approximately C$15,132,612. Also, Senior Officer Joseph Steve Yvan Chretien acquired 38,985 shares of the stock in a transaction dated Tuesday, April 12th. The stock was bought at an average price of C$1.52 per share, with a total value of C$59,257.20. Following the purchase, the insider now directly owns 415,540 shares in the company, valued at C$631,620.80.
About Gear Energy (Get Rating)
Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its properties include the Celtic/Paradise Hill property located approximately 40 kilometers northeast of Lloydminster Alberta; the Wildmere field situated approximately 200 kilometers southeast of Edmonton, Alberta; the Wilson Creek property located in Central Alberta; and the Tableland property situated southwest of Estevan in Southeast Saskatchewan.
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