Insider Selling: Geodrill (TSE:GEO) Insider Sells C$205,000.00 in Stock

Geodrill Limited (TSE:GEO) insider Sustainable Capital Ltd sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of C$4.10, for a total transaction of C$205,000.00. Following the completion of the transaction, the insider directly owned 4,465,527 shares of the company’s stock, valued at approximately C$18,308,660.70. This represents a 1.11% decrease in their position.

Geodrill Stock Down 7.2%

Shares of TSE GEO opened at C$3.76 on Friday. The firm has a market cap of C$177.33 million, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 0.04 and a beta of 0.63. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.56 and a current ratio of 2.51. Geodrill Limited has a 1 year low of C$2.40 and a 1 year high of C$4.29. The firm’s 50 day moving average price is C$3.89 and its 200 day moving average price is C$3.65.

Geodrill (TSE:GEO) last issued its quarterly earnings results on Thursday, November 13th. The company reported C($0.03) earnings per share for the quarter. Geodrill had a net margin of 5.95% and a return on equity of 7.24%. The business had revenue of C$54.26 million during the quarter. As a group, sell-side analysts anticipate that Geodrill Limited will post 0.3108935 earnings per share for the current year.

Geodrill Company Profile

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.