Insider Buying: Geodrill (TSE:GEO) Insider Acquires 4,000 Shares of Stock

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

Geodrill Stock Up 8.4%

GEO traded up C$0.21 during trading hours on Wednesday, reaching C$2.71. 15,123 shares of the stock traded hands, compared to its average volume of 26,051. The firm’s fifty day simple moving average is C$2.62 and its two-hundred day simple moving average is C$2.99. The company has a market cap of C$128.76 million, a price-to-earnings ratio of -10.42, a PEG ratio of 0.04 and a beta of 0.92. Geodrill Limited has a fifty-two week low of C$2.37 and a fifty-two week high of C$4.29. The company has a debt-to-equity ratio of 10.79, a current ratio of 1.86 and a quick ratio of 1.56.

Geodrill Company Profile

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.