Geodrill Ltd (TSE:GEO) – Cormark dropped their FY2017 earnings estimates for shares of Geodrill in a report released on Tuesday. Cormark analyst M. Macdougall now expects that the company will post earnings of $0.17 per share for the year, down from their previous estimate of $0.22. Cormark also issued estimates for Geodrill’s FY2018 earnings at $0.27 EPS.

Separately, Beacon Securities restated a “buy” rating on shares of Geodrill in a research report on Monday.

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Geodrill (TSE:GEO) opened at 2.10 on Wednesday. The company has a 50-day moving average price of $1.98 and a 200 day moving average price of $2.19. Geodrill has a 1-year low of $1.71 and a 1-year high of $2.82. The stock has a market capitalization of $90.68 million and a P/E ratio of 16.15.

About Geodrill

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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