Geospace Technologies Corporation Announces Formal Signing Of Contract For Seabed Seismic System
Geospace Technologies Corporation (NASDAQ: GEOS) today announced that
the company and Statoil have formally executed the definitive agreement
for the company to provide 660 kilometers of seabed seismic reservoir
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.