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

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

Geodrill Stock Up 1.5%

Shares of TSE:GEO opened at C$2.76 on Friday. The stock has a market capitalization of C$131.14 million, a price-to-earnings ratio of -10.62, a price-to-earnings-growth ratio of 0.04 and a beta of 0.92. Geodrill Limited has a 1-year low of C$2.37 and a 1-year high of C$4.29. The company’s fifty day moving average is C$2.62 and its two-hundred day moving average is C$2.98. The company has a debt-to-equity ratio of 10.79, a quick ratio of 1.56 and a current ratio of 1.86.

About Geodrill

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.