Geodrill (TSE:GEO) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Geodrill Limited's shares climbed above its 200-day moving average during trading, peaking at C$3.50 before settling at C$3.45.
• The company holds a market capitalization of C$162.71 million and has notable financial ratios, including a PE ratio of 12.78 and a debt-to-equity ratio of 2.45.
• Insider transactions revealed that Sustainable Capital Ltd sold 143,800 shares at an average price of C$3.55, contributing to total insider sales of 506,800 shares valued at $1.81 million over the last three months.

Shares of Geodrill Limited (TSE:GEO - ) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.33 and traded as high as C$3.50. Geodrill shares last traded at C$3.45, with a volume of 29,565 shares traded.

Geodrill Price Performance

The stock's 50 day moving average is C$3.47 and its two-hundred day moving average is C$3.33. 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 stock has a market capitalization of C$162.71 million, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.04 and a beta of 0.64.

Insider Transactions at Geodrill

In related news, insider Sustainable Capital Ltd sold 143,800 shares of the company's stock in a transaction that occurred on 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 506,800 shares of company stock valued at $1,812,047 over the last three months. Corporate insiders own 41.12% of the company's stock.

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.

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