Cormark Comments on Geodrill’s FY2024 Earnings (TSE:GEO)

Geodrill Limited (TSE:GEO) – Research analysts at Cormark boosted their FY2024 EPS estimates for Geodrill in a research report issued on Tuesday, November 12th. Cormark analyst N. Dion now expects that the company will earn $0.32 per share for the year, up from their previous estimate of $0.26. The consensus estimate for Geodrill’s current full-year earnings is $0.31 per share. Cormark also issued estimates for Geodrill’s FY2025 earnings at $0.35 EPS.

Geodrill (TSE:GEO) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.14 earnings per share (EPS) for the quarter. The business had revenue of C$56.34 million for the quarter. Geodrill had a net margin of 2.02% and a return on equity of 2.27%.

Geodrill Trading Down 4.3 %

Shares of TSE GEO opened at C$2.65 on Thursday. Geodrill has a 1-year low of C$1.52 and a 1-year high of C$2.95. The company has a current ratio of 2.59, a quick ratio of 1.56 and a debt-to-equity ratio of 8.35. The company has a 50-day moving average of C$2.68 and a two-hundred day moving average of C$2.43. The company has a market cap of C$124.97 million, a PE ratio of 33.13, a P/E/G ratio of 0.04 and a beta of 0.86.

Insider Buying and Selling

In other Geodrill news, insider Sustainable Capital Ltd sold 173,200 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$2.90, for a total value of C$502,591.76. 41.12% of the stock is currently owned by corporate insiders.

About Geodrill

Geodrill Limited, together with its subsidiaries, provides mineral exploration drilling services to mining companies in West Africa, Egypt, Chile, and Peru. It offers reverse circulation, core, air-core, deep directional Navi, water borehole, underground, and horizontal drilling services, as well as reverse circulation and reverse circulation grade control.