Geodrill (TSE:GEO) Reaches New 52-Week High – Should You Buy?

Shares of Geodrill Limited (TSE:GEO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$3.80 and last traded at C$3.65, with a volume of 91994 shares. The stock had previously closed at C$3.66.

Geodrill Stock Performance

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 firm has a market cap of C$121.23 million, a price-to-earnings ratio of 14.53, a P/E/G ratio of 0.04 and a beta of 0.86. The firm has a fifty day simple moving average of C$2.95 and a two-hundred day simple moving average of C$2.99.

Geodrill (TSE:GEO) last issued its quarterly 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 return on equity of 7.24% and a net margin of 5.95%. During the same period last year, the company posted ($0.03) earnings per share. On average, analysts expect that Geodrill Limited will post 0.3108935 EPS for the current year.

Insider Activity at Geodrill

In related news, insider Sustainable Capital Ltd sold 117,600 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$3.32, for a total value of C$390,432.00. Insiders have sold a total of 211,200 shares of company stock valued at $682,095 in the last ninety days. Company insiders own 41.12% of the company’s stock.

Geodrill Company Profile

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.