Geodrill (TSE:GEO) Sets New 52-Week High – Time to Buy?

Geodrill Limited (TSE:GEO)’s share price reached a new 52-week high on Monday . The stock traded as high as C$2.92 and last traded at C$2.90, with a volume of 16048 shares. The stock had previously closed at C$2.78.

Geodrill Stock Down 3.1 %

The company has a debt-to-equity ratio of 8.35, a current ratio of 2.59 and a quick ratio of 1.56. The firm has a 50-day simple moving average of C$2.65 and a two-hundred day simple moving average of C$2.38. The company has a market cap of C$132.52 million, a PE ratio of 36.25, a P/E/G ratio of 0.04 and a beta of 0.86.

Geodrill (TSE:GEO) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.14 EPS for the quarter. The firm had revenue of C$56.34 million during the quarter. Geodrill had a return on equity of 2.27% and a net margin of 2.02%. Research analysts anticipate that Geodrill Limited will post 0.3108935 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Sustainable Capital Ltd sold 424,600 shares of the firm’s 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. Company 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.