Key Points
- Sustainable Capital Ltd sold 20,000 Geodrill shares at an average price of C$2.72, for total proceeds of C$54,400. The sale reduced its position by 0.45%, leaving it with 4,445,527 shares.
- Geodrill shares opened at C$2.75 and were reported down 1.4%. The stock trades between a 52-week range of C$2.37 to C$4.29 and has a market capitalization of approximately C$130.66 million.
- Geodrill provides drilling services across several African markets and is focusing its South American operations on Chile, serving major, intermediate and junior mining and exploration companies.
Geodrill Limited (TSE:GEO - Get Free Report) insider Sustainable Capital Ltd sold 20,000 shares of Geodrill stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$2.72, for a total value of C$54,400.00. Following the completion of the transaction, the insider owned 4,445,527 shares of the company's stock, valued at C$12,091,833.44. The trade was a 0.45% decrease in their position.
Geodrill Stock Down 1.4%
Shares of Geodrill stock opened at C$2.75 on Friday. Geodrill Limited has a 52-week low of C$2.37 and a 52-week high of C$4.29. The company has a 50 day moving average of C$2.61 and a 200 day moving average of C$2.95. The company has a quick ratio of 1.56, a current ratio of 1.86 and a debt-to-equity ratio of 10.79. The company has a market capitalization of C$130.66 million, a P/E ratio of -10.58, a P/E/G ratio of 0.04 and a beta of 0.92.
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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