Closing Bell: Gear Energy Ltd down on Thursday (GXE)

In market activity today, Gear Energy Ltd shares opened at $0.73 and closed at $0.69. prices ranged from $0.69 to $0.73.

The price reduced -5.48% from the previous day's close of $0.73.

During the day across North America, the TSX Composite closed -1.68% at 22723.21, the S&P 500 closed 1.58% at 5522.30, the Dow Jones Industrial Average closed 0.24% at 40842.79 and the Nasdaq Composite closed 2.64% at 17599.40.

Gear Energy Ltd traded under GXE on the Toronto Stock Exchange (TSX).

Trading volume was 499,850 on 150 total trades, while having an average volume of 439,954 over 5 days.

The TSX overall saw 907 price advancers against 4,327 declines and 72 unchanged.

During the prior 52 weeks, GXE.TO has traded as high as $0.91 (September 29,2023) and low as $0.60 (January 18,2024). Moreover, in the last 12 months, Gear Energy Ltd's shares have eased -19.77 percent, while in 2024, they have advanced 7.81%.

It announced a 0.01 dividend on July 02/24, with an July 15/24 ex-date and July 31/24 pay day.

Following today's trading, Gear Energy Ltd has a market capitalization of $192.27 million on a float of 263,385 shares outstanding. Its annual EPS is $0.03.

Gear Energy Ltd is a None company headquartered in Calgary, CAN.

Currently, Gear Energy Ltd's consensus rating is "Strong Buy" based on 1 analysts according to Zacks. Currently, there are 1 buy ratings for the stock.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..