Geodrill (TSE:GEO) Insider Acquires C$10,160.00 in Stock

Geodrill Limited (TSE:GEO) insider David Michael Harper purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were acquired at an average cost of C$2.54 per share, for a total transaction of C$10,160.00. Following the completion of the acquisition, the insider owned 19,028,100 shares of the company’s stock, valued at approximately C$48,331,374. This trade represents a 0.02% increase in their ownership of the stock.

Geodrill Price Performance

Shares of Geodrill stock opened at C$2.86 on Friday. The stock’s 50-day simple moving average is C$2.62 and its 200-day simple moving average is C$2.98. Geodrill Limited has a 52 week low of C$2.37 and a 52 week high of C$4.29. The company has a market capitalization of C$135.89 million, a price-to-earnings ratio of -11.00, a PEG ratio of 0.04 and a beta of 0.92. The company has a quick ratio of 1.56, a current ratio of 1.86 and a debt-to-equity ratio of 10.79.

About Geodrill

Geodrill has been successful in establishing a leading market position in Ghana and Cote d’Ivoire. The Company also operates in other African jurisdictions including Egypt and Senegal and is focusing its South America operations on Chile. With the large fleet of multi-purpose rigs, Geodrill provides a broad selection of diverse drilling services, including exploration, delineation, underground and grade control drilling, to meet the specific needs of its clients. The Company’s client mix is made up of senior mining, intermediate and junior exploration companies.