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

Glacier Media Inc. (TSE:GVC)’s stock price was down 2.9% on Tuesday . The company traded as low as C$0.34 and last traded at C$0.34. 11,001 shares were traded during mid-day trading, a decline of 76% from the average session volume of 45,390 shares. The stock had previously closed at C$0.35.

Glacier Media Price Performance

The stock has a 50 day moving average of C$0.35 and a two-hundred day moving average of C$0.33. The company has a debt-to-equity ratio of 21.58, a quick ratio of 1.23 and a current ratio of 0.78. The stock has a market cap of C$44.58 million, a PE ratio of 4.93 and a beta of 0.61.

Glacier Media (TSE:GVC) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($0.01) EPS for the quarter. Glacier Media had a negative net margin of 63.78% and a negative return on equity of 89.90%. The firm had revenue of C$29.84 million for the quarter. Equities analysts anticipate that Glacier Media Inc. will post 0.07 EPS for the current year.

Insider Activity at Glacier Media

In other news, insider Mark Thomas Melville acquired 95,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of C$0.34 per share, with a total value of C$32,470.00. Following the purchase, the insider owned 359,864 shares of the company’s stock, valued at approximately C$122,353.76. This trade represents a 36.12% increase in their position. Company insiders own 61.79% of the company’s stock.

About Glacier Media

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.