Geodrill (TSE:GEO) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Geodrill Limited (TSE:GEO)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.90 and traded as high as C$2.93. Geodrill shares last traded at C$2.91, with a volume of 9,760 shares trading hands.

Geodrill Trading Up 0.3 %

The business’s 50-day moving average is C$3.07 and its two-hundred day moving average is C$2.90. The company has a current ratio of 2.51, a quick ratio of 1.56 and a debt-to-equity ratio of 2.45. The stock has a market capitalization of C$100.74 million, a PE ratio of 12.07, a PEG ratio of 0.04 and a beta of 0.86.

Geodrill (TSE:GEO) last issued its earnings results on Monday, March 3rd. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.05). Geodrill had a return on equity of 7.24% and a net margin of 5.95%. During the same period in the previous year, the company posted ($0.03) earnings per share. On average, analysts predict that Geodrill Limited will post 0.3108935 earnings per share for the current year.

Insider Buying and Selling at Geodrill

In other Geodrill news, insider Sustainable Capital Ltd sold 9,700 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of C$3.18, for a total value of C$30,846.00. Insiders sold 197,000 shares of company stock valued at $623,213 over the last 90 days. 41.12% of the stock is owned by corporate insiders.

About Geodrill

Geodrill Ltd is an exploration drilling company. It mainly operates a fleet of multi-purpose, core, air-core, and grade control drill rigs. The company provides reverse circulation, diamond core, air-core, grade control, geo-tech, and water bore drilling services to major, intermediate, and junior mining companies.