Geodrill (TSE:GEO) Reaches New 12-Month Low – Here’s Why

Geodrill Limited (TSE:GEO) shares reached a new 52-week low during trading on Friday. The stock traded as low as C$2.30 and last traded at C$2.35, with a volume of 40,686 shares changing hands. The stock had previously closed at C$2.50.

Geodrill Price Performance

The stock has a 50-day simple moving average of C$2.65 and a 200 day simple moving average of C$2.77. The stock has a market capitalization of C$111.66 million, a P/E ratio of -9.04, a price-to-earnings-growth ratio of 0.04 and a beta of 0.81. The company has a debt-to-equity ratio of 10.79, a quick ratio of 1.56 and a current ratio of 1.86.

Insider Activity

In related news, insider Sustainable Capital Ltd sold 20,000 shares of Geodrill stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of C$2.72, for a total value of C$54,400.00. Following the completion of the sale, the insider directly owned 4,445,527 shares in the company, valued at C$12,091,833.44. This trade represents a 0.45% decrease in their ownership of the stock. Insiders acquired a total of 10,000 shares of company stock worth $26,610 over the last quarter. Corporate insiders own 41.12% of the company’s stock.

Geodrill Company Profile

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.