David Michael Harper Acquires 9,000 Shares of Geodrill Limited (TSE:GEO) Stock

Geodrill Limited (TSE:GEO) Senior Officer David Michael Harper bought 9,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were acquired at an average price of C$2.03 per share, with a total value of C$18,225.00.

Geodrill Stock Down 1.0 %

TSE GEO traded down C$0.02 during mid-day trading on Thursday, reaching C$1.99. The stock had a trading volume of 25,907 shares, compared to its average volume of 20,491. Geodrill Limited has a 1 year low of C$1.52 and a 1 year high of C$3.30. The stock has a market cap of C$93.85 million, a PE ratio of -199.00, a price-to-earnings-growth ratio of 0.04 and a beta of 0.90. The company has a fifty day moving average price of C$2.12 and a 200 day moving average price of C$1.92. The company has a debt-to-equity ratio of 9.67, a current ratio of 2.46 and a quick ratio of 1.56.

Geodrill (TSE:GEO) last announced its quarterly earnings data on Monday, May 13th. The company reported C$0.05 earnings per share for the quarter. Geodrill had a negative net margin of 0.10% and a negative return on equity of 0.22%. The company had revenue of C$46.74 million during the quarter. On average, research analysts expect that Geodrill Limited will post 0.2167488 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Beacon Securities upgraded shares of Geodrill from a “hold” rating to a “buy” rating and lifted their target price for the company from C$1.90 to C$2.25 in a report on Tuesday, March 5th.

About Geodrill

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.