Geodrill (TSE:GEO) Insider David Michael Harper Buys 4,000 Shares

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

Geodrill Stock Up 8.4%

Shares of TSE:GEO traded up C$0.21 during midday trading on Wednesday, hitting C$2.71. 15,123 shares of the company’s stock traded hands, compared to its average volume of 26,051. The firm’s fifty day moving average price is C$2.62 and its two-hundred day moving average price is C$2.99. The company has a debt-to-equity ratio of 10.79, a quick ratio of 1.56 and a current ratio of 1.86. Geodrill Limited has a twelve month low of C$2.37 and a twelve month high of C$4.29. The company has a market cap of C$128.76 million, a PE ratio of -10.42, a P/E/G ratio of 0.04 and a beta of 0.92.

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.