Insider Selling: Gear Energy Ltd. (TSE:GXE) Senior Officer Sells 40,200 Shares of Stock

Gear Vitality Ltd. (TSE:GXE – Get Score) Senior Officer Jason John Kenneth Kaluski offered 40,200 shares of the business’s stock in a transaction on Wednesday, May possibly 25th. The shares ended up bought at an average value of C$1.54, for a overall transaction of C$61,908.00. Following the completion of the transaction, the insider now owns 403,259 shares of the company’s inventory, valued at C$621,018.86.

Shares of Gear Power inventory traded up C$.01 during investing hrs on Thursday, reaching C$1.57. 2,871,546 shares of the company’s stock ended up exchanged, compared to its average quantity of 2,547,024. Equipment Power Ltd. has a 1 calendar year very low of C$.53 and a 1 yr significant of C$1.94. The corporation has a marketplace capitalization of C$409.77 million and a P/E ratio of 4.73. The organization has a fifty day moving ordinary of C$1.54 and a two-hundred working day relocating average of C$1.31. The corporation has a rapid ratio of .71, a existing ratio of 1.07 and a credit card debt-to-equity ratio of 9.75.

The firm also a short while ago declared a quarterly dividend, which will be paid out on Monday, May perhaps 30th. Stockholders of file on Monday, Could 30th will be issued a dividend of $.01 for every share. This represents a $.04 dividend on an annualized basis and a dividend produce of 2.55%. The ex-dividend day of this dividend is Friday, May possibly 13th. Equipment Energy’s payout ratio is 12.05%.

Various brokerages just lately commented on GXE. Stifel Firstegy lowered shares of Gear Electrical power from a “buy” score to a “hold” score in a report on Friday, February 18th. Stifel Nicolaus boosted their rate target on shares of Gear Electricity from C$1.60 to C$1.85 in a report on Thursday, Could 5th.

Equipment Vitality Organization Profile (Get Score)

Equipment Power Ltd., an exploration and creation business, acquires, develops, and holds interests in petroleum and purely natural fuel homes and property in Canada. Its qualities include the Celtic/Paradise Hill home located somewhere around 40 kilometers northeast of Lloydminster Alberta the Wildmere subject located about 200 kilometers southeast of Edmonton, Alberta the Wilson Creek assets situated in Central Alberta and the Tableland property situated southwest of Estevan in Southeast Saskatchewan.

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