Gear Energy Ltd (TSE:GXE)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.41 and last traded at C$0.41, with a volume of 145100 shares changing hands. The stock had previously closed at C$0.43.
A number of equities research analysts recently issued reports on GXE shares. Cormark boosted their target price on shares of Gear Energy from C$0.90 to C$1.15 in a report on Tuesday, April 23rd. GMP Securities lowered their target price on shares of Gear Energy from C$0.95 to C$0.70 in a report on Friday, June 28th. Finally, National Bank Financial lowered their target price on shares of Gear Energy from C$1.00 to C$0.95 and set an “outperform” rating for the company in a report on Thursday, August 8th.
The business’s fifty day moving average is C$0.50 and its 200-day moving average is C$0.61. The stock has a market capitalization of $92.00 million and a PE ratio of 10.34. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 42.08.
Gear Energy Company Profile (TSE:GXE)
Gear Energy Ltd. acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its oil-focused operations are located in three core areas, including Lloydminster heavy oil, Central Alberta light/medium oil, and Southeast Saskatchewan light oil. The company is headquartered in Calgary, Canada.
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