Geodrill (TSE:GEO) Shares Pass Above 200-Day Moving Average – Here’s Why

Geodrill Limited (TSE:GEO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.65 and traded as high as C$3.78. Geodrill shares last traded at C$3.67, with a volume of 16,274 shares traded.

Geodrill Price Performance

The firm has a market capitalization of C$173.09 million, a P/E ratio of 19.32, a PEG ratio of 0.04 and a beta of 0.63. The business’s 50-day simple moving average is C$3.90 and its 200 day simple moving average is C$3.65. The company has a quick ratio of 1.56, a current ratio of 2.51 and a debt-to-equity ratio of 2.45.

Geodrill (TSE:GEO) last announced its quarterly earnings data on Thursday, November 13th. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$54.26 million during the quarter. Geodrill had a net margin of 5.95% and a return on equity of 7.24%. Sell-side analysts forecast that Geodrill Limited will post 0.3108935 earnings per share for the current year.

Insider Activity at Geodrill

In other news, insider Sustainable Capital Ltd sold 50,000 shares of Geodrill stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of C$4.10, for a total value of C$205,000.00. Following the transaction, the insider owned 4,465,527 shares in the company, valued at approximately C$18,308,660.70. The trade was a 1.11% decrease in their ownership of the stock. Corporate insiders own 41.12% of the company’s stock.

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.