Geodrill (TSE:GEO) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Geodrill Limited (TSE:GEO) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.35 and traded as high as C$2.85. Geodrill shares last traded at C$2.78, with a volume of 16,680 shares changing hands.

Geodrill Stock Down 0.4 %

The firm has a market capitalization of C$131.10 million, a PE ratio of 34.88, a P/E/G ratio of 0.04 and a beta of 0.86. The stock has a 50-day simple moving average of C$2.64 and a 200-day simple moving average of C$2.36. The company has a quick ratio of 1.56, a current ratio of 2.59 and a debt-to-equity ratio of 8.35.

Geodrill (TSE:GEO) last announced its quarterly earnings data on Monday, August 12th. The company reported C$0.14 earnings per share for the quarter. Geodrill had a return on equity of 2.27% and a net margin of 2.02%. The company had revenue of C$56.34 million during the quarter. Analysts forecast that Geodrill Limited will post 0.3108935 EPS for the current year.

Insider Activity

In other Geodrill news, insider Sustainable Capital Ltd sold 424,600 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$2.71, for a total transaction of C$1,150,666.00. Insiders own 41.12% of the company’s stock.

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.