Gear Energy Ltd. (TSE:GXE) Plans Monthly Dividend of $0.01

Gear Energy Ltd. (TSE:GXE) announced a monthly dividend on Wednesday, July 31st, Zacks reports. Investors of record on Thursday, August 15th will be given a dividend of 0.005 per share on Friday, August 30th. This represents a $0.06 annualized dividend and a yield of 9.09%. The ex-dividend date is Thursday, August 15th.

Gear Energy Trading Down 4.3 %

TSE:GXE traded down C$0.03 during trading hours on Friday, hitting C$0.66. 99,261 shares of the company were exchanged, compared to its average volume of 395,082. The stock has a market capitalization of C$173.83 million, a price-to-earnings ratio of 22.33 and a beta of 3.69. Gear Energy has a one year low of C$0.60 and a one year high of C$0.91. The company has a fifty day simple moving average of C$0.70 and a 200 day simple moving average of C$0.68. The company has a current ratio of 1.10, a quick ratio of 0.56 and a debt-to-equity ratio of 9.40.

Gear Energy (TSE:GXE) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The company had revenue of C$35.67 million for the quarter, compared to the consensus estimate of C$36.70 million. Gear Energy had a return on equity of 3.81% and a net margin of 7.00%. Sell-side analysts expect that Gear Energy will post 0.1099554 EPS for the current fiscal year.

Insider Buying and Selling at Gear Energy

In other news, Senior Officer Bryan Dozzi sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of C$0.71, for a total value of C$71,000.00. In other Gear Energy news, Senior Officer Bryan Dozzi sold 100,000 shares of the stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of C$0.71, for a total transaction of C$71,000.00. Also, Director Kevin David Johnson acquired 192,900 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was acquired at an average cost of C$0.78 per share, for a total transaction of C$150,462.00. Insiders own 7.57% of the company’s stock.

Gear Energy Company Profile

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.