Glacier Media (TSE:GVC) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Glacier Media Inc. (TSE:GVC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.34 and traded as high as C$0.38. Glacier Media shares last traded at C$0.38, with a volume of 2,000 shares trading hands.

Glacier Media Stock Up 2.7%

The company’s fifty day moving average price is C$0.37 and its 200-day moving average price is C$0.34. The stock has a market cap of C$49.83 million, a P/E ratio of 2.55 and a beta of 0.58. 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 issued 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 company had revenue of C$30.23 million for the quarter. Equities analysts forecast that Glacier Media Inc. will post 0.07 EPS for the current year.

Insider Activity

In other Glacier Media news, insider Mark Thomas Melville bought 95,500 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of C$0.34 per share, for a total transaction of C$32,470.00. Following the completion of the transaction, the insider directly owned 359,864 shares of the company’s stock, 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 owned by company 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.