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

Geodrill logo with Basic Materials background

Geodrill Limited (TSE:GEO - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.12 and traded as high as C$3.63. Geodrill shares last traded at C$3.55, with a volume of 14,069 shares trading hands.

Geodrill Stock Performance

The firm has a market capitalization of C$118.21 million, a price-to-earnings ratio of 14.17, a P/E/G ratio of 0.04 and a beta of 0.86. The company has a 50-day moving average price of C$3.38 and a 200-day moving average price of C$3.12. The company has a quick ratio of 1.56, a current ratio of 2.51 and a debt-to-equity ratio of 2.45.

Insider Activity at Geodrill

In related news, insider Sustainable Capital Ltd sold 421,200 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of C$3.55, for a total value of C$1,495,260.00. Insiders sold 947,500 shares of company stock worth $3,357,970 over the last quarter. 41.12% of the stock is currently owned by company insiders.

About Geodrill

(Get Free Report)

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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