Geodrill (TSE:GEO) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Geodrill Limited's shares surpassed their 200-day moving average of C$3.29, reaching a high of C$3.42 before closing at C$3.35.
• The company reported a market capitalization of C$158 million and notable metrics such as a PE ratio of 12.41 and a debt-to-equity ratio of 2.45.
• Insider transactions revealed that Sustainable Capital Ltd sold 35,400 shares at an average price of C$3.70, contributing to a total of 546,900 shares sold by insiders in the past ninety days.

Geodrill Limited (TSE:GEO - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.29 and traded as high as C$3.42. Geodrill shares last traded at C$3.35, with a volume of 27,830 shares trading hands.

Geodrill Price Performance

The stock has a market cap of C$161.77 million, a PE ratio of 12.70, a P/E/G ratio of 0.04 and a beta of 0.64. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.51 and a quick ratio of 1.56. The business has a fifty day moving average of C$3.50 and a 200 day moving average of C$3.30.

Insider Buying and Selling

In related news, insider Sustainable Capital Ltd sold 143,800 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of C$3.55, for a total value of C$511,036.44. Insiders sold a total of 544,200 shares of company stock valued at $1,945,846 over the last ninety days. 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.