Geodrill (TSE:GEO) Reaches New 12-Month High – Still a Buy?

Geodrill Limited (TSE:GEO) shares hit a new 52-week high on Friday . The company traded as high as C$3.26 and last traded at C$3.20, with a volume of 1648 shares trading hands. The stock had previously closed at C$3.25.

Geodrill Trading Down 1.5 %

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 capitalization of C$150.91 million, a P/E ratio of 40.00, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86. The firm’s 50-day simple moving average is C$3.00 and its 200-day simple moving average is C$2.73.

Geodrill (TSE:GEO) last posted its quarterly earnings results on Monday, November 11th. The company reported C$0.08 EPS for the quarter. Geodrill had a net margin of 2.02% and a return on equity of 2.27%. During the same quarter in the prior year, the firm earned ($0.08) EPS. Analysts anticipate that Geodrill Limited will post 0.3108935 EPS for the current year.

Insiders Place Their Bets

In other Geodrill news, insider Sustainable Capital Ltd sold 173,200 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$2.90, for a total transaction of C$502,591.76. Insiders own 41.12% of the company’s stock.

About Geodrill

Geodrill Ltd is an exploration drilling company. It mainly operates a fleet of multi-purpose, core, air-core, and grade control drill rigs. The company provides reverse circulation, diamond core, air-core, grade control, geo-tech, and water bore drilling services to major, intermediate, and junior mining companies.