Geospace Technologies Corporation Announces Receipt Of Letter Of Award From Statoil For Seabed Seismic System
Geospace Technologies Corporation (NASDAQ: GEOS) has received and signed
a Letter of Award from Statoil awarding Geospace Engineering Resources
International the contract to provide 660 kilometers of seabed seismic
In trading on Wednesday, shares of Geospace Technologies Corp crossed below their last reported book value — defined as common shareholder equity per share — of $25.04, changing hands as low as $23.92 per share. Geospace Technologies Corp shares are currently trading down about 7.5% on the day.