Geodrill (TSE:GEO) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Geodrill (TSE:GEO) issued its quarterly earnings data on Monday. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.05), RTT News reports. Geodrill had a net margin of 5.95% and a return on equity of 7.24%. During the same period in the previous year, the firm posted ($0.03) earnings per share.

Geodrill Stock Performance

TSE GEO opened at C$2.97 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 1.56 and a debt-to-equity ratio of 2.45. The company has a market capitalization of C$99.74 million, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86. Geodrill has a twelve month low of C$1.65 and a twelve month high of C$3.32. The business’s 50-day moving average price is C$3.10 and its 200 day moving average price is C$2.88.

Insider Activity at Geodrill

In related news, insider Sustainable Capital Ltd sold 29,700 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$3.18, for a total value of C$94,303.44. Over the last quarter, insiders have sold 186,100 shares of company stock worth $590,448. Company insiders own 41.12% of the company’s stock.

About Geodrill

Geodrill Ltd is an exploration drilling company. It mainly operates a fleet of multi-purpose, core, air-core, and grade control drill rigs. The company provides reverse circulation, diamond core, air-core, grade control, geo-tech, and water bore drilling services to major, intermediate, and junior mining companies.