Glacier Media (TSE:GVC) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Glacier Media Inc. (TSE:GVCGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.33 and traded as high as C$0.36. Glacier Media shares last traded at C$0.36, with a volume of 23,000 shares changing hands.

Glacier Media Price Performance

The stock has a market capitalization of C$47.21 million, a price-to-earnings ratio of 5.22 and a beta of 0.61. The company has a quick ratio of 1.23, a current ratio of 0.78 and a debt-to-equity ratio of 21.58. The business’s 50-day moving average is C$0.34 and its two-hundred day moving average is C$0.33.

Glacier Media (TSE:GVCGet Free Report) last released its earnings results on Tuesday, August 4th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$30.23 million for the quarter. Glacier Media had a negative net margin of 63.78% and a negative return on equity of 89.90%. Equities analysts anticipate that Glacier Media Inc. will post 0.07 EPS for the current year.

Insiders Place Their Bets

In related news, insider Mark Thomas Melville bought 95,500 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of C$0.34 per share, for a total transaction of C$32,470.00. Following the acquisition, the insider directly owned 359,864 shares in the company, valued at C$122,353.76. This represents a 36.12% increase in their ownership of the stock. Company insiders own 61.79% of the company’s stock.

About Glacier Media

(Get Free Report)

Glacier Media Inc offers information and marketing solutions. It operates in three segments Environmental, Property and Financial Information; Commodity Information; and Community Media. Environmental, Property and Financial Information includes the company’s business to business content, marketing solutions and data information products that are environmental, and property-related. The Commodity Information includes the business-to-business content, marketing solutions and data information products which are agriculture, energy and mining-related.

Further Reading

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