Clarus Securities Analysts Cut Earnings Estimates for Geodrill Ltd (GEO)
Geodrill Ltd (TSE:GEO) – Investment analysts at Clarus Securities cut their FY2017 earnings per share estimates for Geodrill in a research note issued on Tuesday. Clarus Securities analyst N. Sangmuah now anticipates that the company will post earnings per share of $0.24 for the year, down from their previous estimate of $0.28.
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Separately, Beacon Securities reaffirmed a “buy” rating on shares of Geodrill in a research report on Monday.
Geodrill (GEO) opened at 2.10 on Wednesday. The stock has a 50 day moving average of $1.98 and a 200-day moving average of $2.19. The firm has a market capitalization of $90.68 million and a P/E ratio of 16.15. Geodrill has a 1-year low of $1.71 and a 1-year high of $2.82.
Geodrill Company Profile
Geodrill Limited is an exploration drilling company. The Company operates a fleet of Multi-Purpose, Core, Air-core and Grade Control drill rigs. The Company’s geographic segments include Ghana and Outside Ghana. The multi-purpose rigs can perform both reverse circulation (RC) and diamond core (Core) drilling and can switch from one to the other.
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