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

Key Points

• Geodrill Limited's shares reached a new 52-week high, trading at C$3.85, with a notable trading volume of 21,447 shares.
• The company has a market cap of C$127.94 million and a relatively low P/E ratio of 15.33, indicating potential for investment interest.
• Insider activity shows significant selling, with 1,456,300 shares sold in the last ninety days, suggesting some confidence shift among insiders.

Shares of Geodrill Limited (TSE:GEO - Get Free Report) hit a new 52-week high on Friday . The company traded as high as C$3.85 and last traded at C$3.80, with a volume of 21447 shares trading hands. The stock had previously closed at C$3.65.

Geodrill Stock Down 3.8%

The business has a fifty day simple moving average of C$3.57 and a two-hundred day simple moving average of C$3.21. 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 cap of C$127.61 million, a PE ratio of 15.29, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86.

Insider Activity at Geodrill

In related news, insider Sustainable Capital Ltd sold 421,200 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of C$3.55, for a total value of C$1,495,260.00. In the last 90 days, insiders sold 1,456,300 shares of company stock worth $5,172,836. 41.12% of the stock is owned by insiders.

Geodrill Company Profile

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.