Geodrill Ltd to Post FY2019 Earnings of $0.17 Per Share, Cormark Forecasts (TSE:GEO)

Geodrill Ltd (TSE:GEO) – Equities research analysts at Cormark raised their FY2019 EPS estimates for shares of Geodrill in a note issued to investors on Wednesday, November 13th. Cormark analyst M. Macdougall now forecasts that the company will post earnings of $0.17 per share for the year, up from their previous estimate of $0.16.

GEO stock opened at C$1.45 on Friday. Geodrill has a 1-year low of C$1.20 and a 1-year high of C$1.89. The company has a debt-to-equity ratio of 9.63, a current ratio of 2.06 and a quick ratio of 1.29. The company has a market capitalization of $63.48 million and a price-to-earnings ratio of 76.32. The business has a 50 day simple moving average of C$1.47 and a two-hundred day simple moving average of C$1.54.

Geodrill Company Profile

Geodrill Limited, together with its subsidiaries, provides exploration and development drilling services to various mining companies with exploration, development, and production operations in West Africa and the African copper belt. The company offers reverse circulation (RC), diamond core, air-core, directional, RC grade control, water bore, and underground drilling services.

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