Gear Energy Ltd (TSE:GXE) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Gear Energy Ltd. has released its first quarter operating results for 2024, showing a moderate increase in funds from operations compared to the previous year and a positive net income after a loss in the last quarter of 2023. Production has seen a slight decline, but the company has achieved a higher operating netback per barrel of oil equivalent (boe). Additionally, Gear Energy announced a leadership change with Kevin Johnson appointed as the new President and CEO.
For further insights into TSE:GXE stock, check out TipRanks’ Stock Analysis page.