Geodrill (TSE:GEO) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Geodrill Limited's stock has recently traded above its 200-day moving average of C$3.26, reaching a high of C$3.37 before settling at C$3.32.
• The company's debt-to-equity ratio stands at 2.45, indicating a high level of debt compared to equity, while its market capitalization is C$111.49 million.
• Insiders, including Sustainable Capital Ltd, sold a significant amount of stock, with over 822,700 shares sold in the last 90 days worth approximately C$2.93 million.

Geodrill Limited (TSE:GEO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.26 and traded as high as C$3.37. Geodrill shares last traded at C$3.32, with a volume of 31,388 shares.

Geodrill Stock Down 1.5%

The firm has a market capitalization of C$109.14 million, a PE ratio of 13.08, a PEG ratio of 0.04 and a beta of 0.86. The business's 50 day simple moving average is C$3.57 and its 200 day simple moving average is C$3.27. 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 Activity at Geodrill

In other Geodrill 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 value of C$511,036.44. Over the last three months, insiders have sold 715,300 shares of company stock valued at $2,538,345. Company 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.