Geodrill (TSE:GEO) Hits New 52-Week High – Time to Buy?

Geodrill Limited (TSE:GEOGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$3.80 and last traded at C$3.65, with a volume of 91994 shares changing hands. The stock had previously closed at C$3.66.

Geodrill Stock Down 1.4%

The company has a market capitalization of C$121.23 million, a PE ratio of 14.53, a P/E/G ratio of 0.04 and a beta of 0.86. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.51 and a quick ratio of 1.56. The company has a 50-day moving average of C$2.95 and a two-hundred day moving average of C$2.99.

Geodrill (TSE:GEOGet Free Report) last released its earnings results on Monday, March 3rd. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.05). Geodrill had a net margin of 5.95% and a return on equity of 7.24%. During the same period in the previous year, the company earned ($0.03) EPS. Sell-side analysts anticipate that Geodrill Limited will post 0.3108935 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Geodrill news, insider Sustainable Capital Ltd sold 10,900 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$3.01, for a total transaction of C$32,764.31. Insiders have sold 211,200 shares of company stock valued at $682,095 over the last ninety days. 41.12% of the stock is owned by insiders.

About Geodrill

(Get Free Report)

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.

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