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

Geodrill Limited (TSE:GEO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.99 and traded as high as C$3.80. Geodrill shares last traded at C$3.66, with a volume of 81,974 shares trading hands.

Geodrill Stock Performance

The firm has a market cap of C$122.91 million, a P/E ratio of 14.73, a PEG ratio of 0.04 and a beta of 0.86. The stock’s 50 day moving average is C$2.95 and its two-hundred day moving average is C$2.99. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.51 and a quick ratio of 1.56.

Geodrill (TSE:GEO) last posted its earnings results on Monday, March 3rd. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm posted ($0.03) earnings per share. As a group, equities analysts predict that Geodrill Limited will post 0.3108935 EPS for the current year.

Insider Activity at Geodrill

In other Geodrill news, insider Sustainable Capital Ltd sold 117,600 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of C$3.32, for a total transaction of C$390,432.00. Insiders have sold a total of 211,200 shares of company stock valued at $682,095 over the last quarter. 41.12% of the stock is owned by company insiders.

Geodrill Company Profile

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.