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

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

Glacier Media Stock Performance

The company has a debt-to-equity ratio of 21.58, a current ratio of 0.78 and a quick ratio of 1.23. The stock’s 50-day moving average price is C$0.35 and its 200 day moving average price is C$0.33. The firm has a market cap of C$47.86 million, a P/E ratio of 2.45 and a beta of 0.61.

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

Insiders Place Their Bets

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