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Geodrill (TSE:GEO) Stock Passes Above 200-Day Moving Average - What's Next?

Geodrill logo with Basic Materials background

Shares of Geodrill Limited (TSE:GEO - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.99 and traded as high as C$3.80. Geodrill shares last traded at C$3.66, with a volume of 81,974 shares.

Geodrill Price Performance

The stock has a fifty day moving average of C$2.99 and a two-hundred day moving average of C$3.01. The stock has a market cap of C$119.55 million, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86. The company has a quick ratio of 1.56, a current ratio of 2.51 and a debt-to-equity ratio of 2.45.

Geodrill (TSE:GEO - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The company reported C($0.01) earnings per share for the quarter, missing analysts' consensus estimates of C$0.04 by C($0.05). Geodrill had a return on equity of 7.24% and a net margin of 5.95%. During the same period last year, the business posted ($0.03) EPS. On average, equities research analysts anticipate that Geodrill Limited will post 0.3108935 earnings per share for the current year.

Insiders Place Their Bets

In other Geodrill news, insider Sustainable Capital Ltd sold 23,500 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of C$3.66, for a total transaction of C$86,010.00. Over the last ninety days, insiders have sold 317,600 shares of company stock worth $1,092,078. 41.12% of the stock is owned by corporate 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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