Gear Energy (TSE:GXE) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Gear Energy Ltd. (TSE:GXE) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.52 and traded as high as C$0.53. Gear Energy shares last traded at C$0.53, with a volume of 1,093,943 shares.

Analyst Ratings Changes

Separately, Atb Cap Markets lowered Gear Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

Gear Energy Stock Up 3.9 %

The firm has a market cap of C$139.70 million, a PE ratio of 10.60 and a beta of 3.52. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.56 and a current ratio of 0.95. The company’s 50-day simple moving average is C$0.52 and its two-hundred day simple moving average is C$0.61.

Gear Energy (TSE:GXE) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.01). The business had revenue of C$38.82 million for the quarter, compared to analysts’ expectations of C$38.70 million. Gear Energy had a net margin of 9.65% and a return on equity of 5.36%. On average, analysts predict that Gear Energy Ltd. will post 0.1399549 earnings per share for the current fiscal year.

Gear Energy Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 11.32%. The ex-dividend date of this dividend was Monday, December 16th. Gear Energy’s payout ratio is 120.00%.

Insider Activity at Gear Energy

In other Gear Energy news, Director Kevin David Johnson purchased 333,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of C$0.47 per share, with a total value of C$156,110.40. Also, Senior Officer Stephen Power acquired 157,500 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of C$0.49 per share, for a total transaction of C$76,387.50. 7.62% of the stock is currently owned by company insiders.

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's oil properties are located in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan.