Geodrill falls on lower Q2 revenue, profit

Geodrill

08/08/2023 18:31

** Shares of Isle of Man-based exploration drilling firm
Geodrill Ltd  GEO.TO  fall 14.2% to C$2.66, hit over 7-month low
    ** Company posts Q2 revenue of $32.6 mln, 17% lower than a
year earlier
    ** Net income falls 67% to $2 mln
    ** GEO reduces presence in Burkina Faso due to security
concerns
    ** Accounting for session's losses, stock up 1% YTD

 (Reporting by Arshreet Singh)
 ((Twitter: https://twitter.com/Arshreets))