Geodrill (TSE:GEO) Sets New 12-Month High – Should You Buy?

Shares of Geodrill Limited (TSE:GEO) hit a new 52-week high during trading on Thursday . The company traded as high as C$2.95 and last traded at C$2.89, with a volume of 18500 shares trading hands. The stock had previously closed at C$2.85.

Geodrill Stock Up 1.8 %

The company has a market cap of C$136.76 million, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86. The stock’s fifty day moving average is C$2.68 and its two-hundred day moving average is C$2.41. The company has a debt-to-equity ratio of 8.35, a quick ratio of 1.56 and a current ratio of 2.59.

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

Insider Transactions at Geodrill

In related news, insider Sustainable Capital Ltd sold 424,600 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of C$2.71, for a total value 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.