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

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

Geodrill Price Performance

Geodrill stock opened at C$2.72 on Thursday. Geodrill Limited has a 12 month low of C$2.37 and a 12 month high of C$4.29. The stock’s 50 day moving average is C$2.62 and its 200-day moving average is C$2.99. The company has a current ratio of 1.86, a quick ratio of 1.56 and a debt-to-equity ratio of 10.79. 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.

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.