Geodrill (TSE:GEO) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Geodrill Limited (TSE:GEO)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.93 and traded as high as C$2.99. Geodrill shares last traded at C$2.97, with a volume of 9,445 shares changing hands.

Geodrill Trading Up 1.0 %

The business’s fifty day simple moving average is C$2.91 and its 200 day simple moving average is C$2.93. The stock has a market cap of C$99.74 million, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86. The company has a current ratio of 2.51, a quick ratio of 1.56 and a debt-to-equity ratio of 2.45.

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

Insider Activity at Geodrill

In related news, insider Sustainable Capital Ltd sold 63,600 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of C$3.21, for a total transaction of C$204,156.00. Over the last quarter, insiders sold 203,300 shares of company stock worth $642,113. 41.12% of the stock is owned by 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.