Insider Selling: Geodrill (TSE:GEO) Insider Sells 10,100 Shares

Geodrill Limited (TSE:GEO) insider Sustainable Capital Ltd sold 10,100 shares of Geodrill stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$2.71, for a total transaction of C$27,371.00. Following the completion of the transaction, the insider owned 4,435,427 shares in the company, valued at approximately C$12,020,007.17. This trade represents a 0.23% decrease in their ownership of the stock.

Sustainable Capital Ltd also recently made the following trade(s):

• On Thursday, August 27th, Sustainable Capital Ltd sold 20,000 shares of Geodrill stock. The stock was sold at an average price of C$2.72, for a total transaction of C$54,400.00.

Geodrill Stock Performance

Shares of GEO stock traded down C$0.03 during mid-day trading on Wednesday, hitting C$2.67. The stock had a trading volume of 4,815 shares, compared to its average volume of 25,147. Geodrill Limited has a fifty-two week low of C$2.37 and a fifty-two week high of C$4.29. The firm has a market cap of C$126.86 million, a PE ratio of -10.27, a PEG ratio of 0.04 and a beta of 0.84. The company has a debt-to-equity ratio of 10.79, a current ratio of 1.86 and a quick ratio of 1.56. The company’s 50-day simple moving average is C$2.62 and its 200-day simple moving average is C$2.91.

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.