Glacier Media (TSE:GVC) Stock Price Down 2.9% – What’s Next?

Glacier Media Inc. (TSE:GVC)’s stock price dropped 2.9% on Tuesday . The stock traded as low as C$0.34 and last traded at C$0.34. 11,001 shares changed hands during trading, a decline of 76% from the average daily volume of 45,390 shares. The stock had previously closed at C$0.35.

Glacier Media Price Performance

The company’s 50 day moving average price is C$0.35 and its 200-day moving average price is C$0.33. The company has a market cap of C$44.58 million, a price-to-earnings ratio of 4.93 and a beta of 0.61. The company has a debt-to-equity ratio of 21.58, a quick ratio of 1.23 and a current ratio of 0.78.

Glacier Media (TSE:GVC) last released its earnings results on Thursday, May 7th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$29.84 million for the quarter. Glacier Media had a negative net margin of 63.78% and a negative return on equity of 89.90%. On average, equities research analysts forecast that Glacier Media Inc. will post 0.07 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Mark Thomas Melville acquired 95,500 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of C$0.34 per share, for a total transaction of C$32,470.00. Following the transaction, the insider owned 359,864 shares of the company’s stock, valued at approximately C$122,353.76. The trade was a 36.12% increase in their ownership of the stock. Corporate insiders own 61.79% of the company’s stock.

Glacier Media Company Profile

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.