Geodrill (TSE:GEO) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Geodrill Limited's stock has crossed above its 200-day moving average of C$3.28, trading at C$3.42 with a volume of 17,200 shares on Tuesday.
• Insider sales have occurred, with Sustainable Capital Ltd selling 143,800 shares at an average price of C$3.55, contributing to a total of 647,100 shares sold in the past ninety days.
• The company, with a market cap of C$161.30 million, shows a strong financial position with a quick ratio of 1.56 and a current ratio of 2.51.

Geodrill Limited (TSE:GEO - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$3.28 and traded as high as C$3.50. Geodrill shares last traded at C$3.42, with a volume of 17,200 shares changing hands.

Geodrill Price Performance

The stock has a market cap of C$159.88 million, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 0.04 and a beta of 0.64. The stock has a fifty day simple moving average of C$3.52 and a 200-day simple moving average of C$3.29. The company has a current ratio of 2.51, a quick ratio of 1.56 and a debt-to-equity ratio of 2.45.

Insider Buying and Selling at Geodrill

In other news, insider Sustainable Capital Ltd sold 35,400 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of C$3.70, for a total transaction of C$130,980.00. Over the last quarter, insiders sold 611,500 shares of company stock worth $2,178,738. 41.12% of the stock is currently 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.