Glacier Media (TSE:GVC) Reaches New 52-Week High – Here’s What Happened

Shares of Glacier Media Inc. (TSE:GVC) reached a new 52-week high on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.36, with a volume of 7500 shares trading hands. The stock had previously closed at C$0.37.

Glacier Media Trading Up 4.1%

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 stock’s 50 day moving average is C$0.35 and its two-hundred day moving average is C$0.33. The company has a market capitalization of C$49.83 million, a PE ratio of 2.55 and a beta of 0.61.

Glacier Media (TSE:GVC) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$0.04 EPS for the quarter. Glacier Media had a negative net margin of 63.78% and a negative return on equity of 89.90%. The business had revenue of C$30.23 million during the quarter. As a group, sell-side analysts predict that Glacier Media Inc. will post 0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mark Thomas Melville bought 95,500 shares of the stock in a transaction on 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 completion of the acquisition, the insider directly owned 359,864 shares in the company, valued at approximately C$122,353.76. This represents a 36.12% increase in their ownership of the stock. 61.79% of the stock is currently owned by corporate insiders.

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.