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

Key Points

• Geodrill Limited's stock price crossed above its 200-day moving average of C$3.24, reaching a high of C$3.80 during trading, and closed at C$3.77.
• The company has a market capitalization of C$126.60 million and a PE ratio of 15.17, indicating a solid financial position.
• Insider Sustainable Capital Ltd sold 60,000 shares at an average price of C$3.70, contributing to a total of 1,456,300 shares sold by insiders in the last 90 days, representing 41.12% ownership by corporate insiders.

Geodrill Limited (TSE:GEO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.24 and traded as high as C$3.80. Geodrill shares last traded at C$3.77, with a volume of 16,622 shares traded.

Geodrill Stock Performance

The company's 50-day moving average price is C$3.60 and its 200 day moving average price is C$3.25. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.56 and a current ratio of 2.51. The stock has a market capitalization of C$132.31 million, a PE ratio of 15.86, a PEG ratio of 0.04 and a beta of 0.86.

Insider Activity at Geodrill

In related news, insider Sustainable Capital Ltd sold 35,400 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of C$3.70, for a total value of C$130,980.00. Over the last three months, insiders have sold 1,491,700 shares of company stock valued at $5,303,816. Company insiders own 41.12% of the company's stock.

About Geodrill

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.