Geodrill (TSE:GEO) Hits New 12-Month High - What's Next?

Key Points

• Geodrill Limited shares reached a new 52-week high of C$4.15 during mid-day trading, last trading at C$3.79 with a volume of 97,100 shares.
• The company's debt-to-equity ratio stands at 2.45, indicating significant leverage, while insiders have sold over 1.3 million shares valued at approximately $4.9 million in recent months.
• Geodrill operates in the exploration drilling sector, providing various drilling services to mining companies, and has a market capitalization of approximately C$121.90 million.

Geodrill Limited (TSE:GEO - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$4.15 and last traded at C$3.79, with a volume of 97100 shares traded. The stock had previously closed at C$3.94.

Geodrill Trading Down 0.8%

The company's 50 day simple moving average is C$3.60 and its 200 day simple moving average is C$3.25. The firm has a market cap of C$117.53 million, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.04 and a beta of 0.86. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.51 and a quick ratio of 1.56.

Insiders Place Their Bets

In related news, insider Sustainable Capital Ltd sold 35,400 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of C$3.70, for a total value of C$130,980.00. Insiders have sold 1,374,100 shares of company stock valued at $4,913,384 over the last three months. 41.12% of the stock is owned by insiders.

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.