Glacier Media (TSE:GVC) Hits New 1-Year High – Here’s What Happened

Glacier Media Inc. (TSE:GVC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.38 and last traded at C$0.38, with a volume of 8117 shares. The stock had previously closed at C$0.38.

Glacier Media Price Performance

The company has a 50-day moving average of C$0.35 and a 200-day moving average of C$0.34. 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$49.83 million, a price-to-earnings ratio of 2.55 and a beta of 0.61.

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

Insider Buying and Selling at Glacier Media

In other Glacier Media news, insider Mark Thomas Melville acquired 95,500 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of C$0.34 per share, with a total value of C$32,470.00. Following the acquisition, the insider owned 359,864 shares of the company’s stock, valued at C$122,353.76. This trade represents a 36.12% increase in their ownership of the stock. 61.79% of the stock is currently owned by 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.