Geodrill (TSE:GEO) Trading Up 2.6%

Geodrill Ltd (TSE:GEO)’s share price was up 2.6% during trading on Monday . The company traded as high as C$1.60 and last traded at C$1.60. Approximately 3,300 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 4,867 shares. The stock had previously closed at C$1.56.

The firm has a market capitalization of $68.48 million and a price-to-earnings ratio of 160.00. The company has a 50 day simple moving average of C$1.41. The company has a debt-to-equity ratio of 11.14, a current ratio of 2.16 and a quick ratio of 1.21.

Geodrill (TSE:GEO) last issued its quarterly earnings data on Monday, May 13th. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.02. The business had revenue of C$29.42 million during the quarter, compared to analysts’ expectations of C$31.27 million. As a group, sell-side analysts predict that Geodrill Ltd will post 0.11 earnings per share for the current year.

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About Geodrill (TSE:GEO)

Geodrill Limited, together with its subsidiaries, provides exploration and development drilling services to various mining companies with exploration, development, and production operations in West Africa and the African copper belt. The company offers reverse circulation (RC), diamond core, air-core, directional, RC grade control, water bore, and underground drilling services.

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