Geodrill (TSE:GEO) Hits New 1-Year High – What’s Next?

Geodrill Limited (TSE:GEO)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$2.95 and last traded at C$2.89, with a volume of 18500 shares changing hands. The stock had previously closed at C$2.85.

Geodrill Stock Performance

The business has a 50 day simple moving average of C$2.68 and a two-hundred day simple moving average of C$2.41. The company has a quick ratio of 1.56, a current ratio of 2.59 and a debt-to-equity ratio of 8.35. The firm has a market cap of C$136.76 million, a PE ratio of 35.63, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86.

Geodrill (TSE:GEO) last issued its earnings results on Monday, August 12th. The company reported C$0.14 EPS for the quarter. Geodrill had a net margin of 2.02% and a return on equity of 2.27%. The business had revenue of C$56.34 million for the quarter. As a group, equities research analysts forecast that Geodrill Limited will post 0.3108935 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Sustainable Capital Ltd sold 424,600 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$2.71, for a total transaction of C$1,150,666.00. Insiders own 41.12% of the company’s stock.

Geodrill Company Profile

Geodrill Limited, together with its subsidiaries, provides mineral exploration drilling services to mining companies in West Africa, Egypt, Chile, and Peru. It offers reverse circulation, core, air-core, deep directional Navi, water borehole, underground, and horizontal drilling services, as well as reverse circulation and reverse circulation grade control.