Shares of Geodrill Limited (TSE:GEO – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.88 and traded as high as C$2.27. Geodrill shares last traded at C$2.11, with a volume of 12,686 shares trading hands.
Analyst Ratings Changes
Separately, Beacon Securities upgraded shares of Geodrill from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$1.90 to C$2.25 in a research report on Tuesday, March 5th.
Get Our Latest Stock Analysis on Geodrill
Geodrill Price Performance
Geodrill (TSE:GEO – Get Free Report) last issued its earnings results on Monday, March 4th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$40.93 million for the quarter. Geodrill had a net margin of 2.99% and a return on equity of 3.47%. Equities research analysts forecast that Geodrill Limited will post 0.23042 earnings per share for the current fiscal year.
Geodrill Company Profile
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.
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