Geodrill (TSE:GEO) Stock Price Down 14.5% – Should You Sell?

Geodrill Limited (TSE:GEO)’s stock price dropped 14.5% during mid-day trading on Monday . The stock traded as low as C$2.59 and last traded at C$2.82. Approximately 91,817 shares traded hands during mid-day trading, an increase of 173% from the average daily volume of 33,654 shares. The stock had previously closed at C$3.30.

Geodrill Stock Performance

The company has a market cap of C$138.26 million, a P/E ratio of -97.00, a PEG ratio of 0.04 and a beta of 0.88. The firm has a 50 day moving average of C$3.19 and a 200-day moving average of C$3.56. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 8.70.

Geodrill (TSE:GEO) last announced its earnings results on Monday, March 2nd. The company reported C($0.32) earnings per share (EPS) for the quarter. The company had revenue of C$61.56 million for the quarter. Geodrill had a negative net margin of 0.91% and a negative return on equity of 1.34%. As a group, sell-side analysts anticipate that Geodrill Limited will post 0.3108935 EPS for the current fiscal year.

About Geodrill

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.