Key Points
- Geodrill insider David Michael Harper purchased 4,000 shares at an average price of C$2.54, for a total investment of C$10,160.
- Following the transaction, Harper directly owned 19,028,100 shares valued at approximately C$48.3 million, a 0.02% increase in his ownership.
- Geodrill shares rose 8.8% and opened at C$2.72, while the company reported a market capitalization of about C$129.2 million and a 12-month trading range of C$2.37 to C$4.29.
Geodrill Limited (TSE:GEO - Get Free Report) insider David Michael Harper acquired 4,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of C$2.54 per share, with a total value of C$10,160.00. Following the transaction, the insider directly 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 Trading Up 8.8%
Shares of Geodrill stock opened at C$2.72 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.86 and a debt-to-equity ratio of 10.79. Geodrill Limited has a 12-month low of C$2.37 and a 12-month high of C$4.29. The company has a market capitalization of C$129.24 million, a price-to-earnings ratio of -10.46, a PEG ratio of 0.04 and a beta of 0.92. The firm's 50-day moving average price is C$2.62 and its two-hundred day moving average price is C$2.99.
About Geodrill
(
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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.
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