Insider Selling: Geodrill (TSE:GEO) Insider Sells C$54,400.00 in Stock

Geodrill Limited (TSE:GEO) insider Sustainable Capital Ltd sold 20,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of C$2.72, for a total transaction of C$54,400.00. Following the sale, the insider directly owned 4,445,527 shares in the company, valued at approximately C$12,091,833.44. The trade was a 0.45% decrease in their position.

Geodrill Price Performance

GEO stock traded down C$0.03 during trading on Friday, hitting C$2.76. 10,500 shares of the company’s stock traded hands, compared to its average volume of 25,769. Geodrill Limited has a 52 week low of C$2.37 and a 52 week high of C$4.29. The stock has a market capitalization of C$131.14 million, a price-to-earnings ratio of -10.62, a P/E/G ratio of 0.04 and a beta of 0.92. The business has a fifty day simple moving average of C$2.61 and a 200 day simple moving average of C$2.95. 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 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.