Geodrill (TSE:GEO) Reaches New 1-Year Low – Time to Sell?

Geodrill Limited (TSE:GEO)’s share price hit a new 52-week low on Friday. The stock traded as low as C$2.30 and last traded at C$2.35, with a volume of 40,686 shares. The stock had previously closed at C$2.50.

Geodrill Price Performance

The company’s 50 day simple moving average is C$2.65 and its two-hundred day simple moving average is C$2.77. 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 stock has a market capitalization of C$111.66 million, a P/E ratio of -9.04, a PEG ratio of 0.04 and a beta of 0.81.

Insider Buying and Selling

In other news, insider Sustainable Capital Ltd sold 20,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$2.72, for a total transaction of C$54,400.00. Following the sale, the insider owned 4,445,527 shares in the company, valued at approximately C$12,091,833.44. This represents a 0.45% decrease in their ownership of the stock. Insiders acquired a total of 10,000 shares of company stock valued at $26,610 over the last quarter. 41.12% of the stock is currently owned by insiders.

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.