Geodrill (TSE:GEO) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Geodrill Limited (TSE:GEO) has crossed above its 200-day moving average of C$3.27, indicating potential bullish momentum as it traded as high as C$3.31 on Friday.
• The company's market capitalization stands at C$152.81 million, with a P/E ratio of 12.00 and a debt-to-equity ratio of 2.45, suggesting a moderately leveraged position.
• Insider trading activity shows that Sustainable Capital Ltd sold 143,800 shares recently, contributing to a total of 713,200 shares sold by insiders over the last ninety days.

Geodrill Limited (TSE:GEO - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.27 and traded as high as C$3.31. Geodrill shares last traded at C$3.24, with a volume of 15,395 shares.

Geodrill Stock Performance

The company has a market cap of C$156.58 million, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.04 and a beta of 0.66. The business's fifty day moving average price is C$3.54 and its 200 day moving average price is C$3.27. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.51 and a quick ratio of 1.56.

Insiders Place Their Bets

In related news, insider Sustainable Capital Ltd sold 143,800 shares of Geodrill stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of C$3.55, for a total transaction of C$511,036.44. Insiders have sold a total of 659,900 shares of company stock worth $2,346,509 over the last ninety days. 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.