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

Geodrill logo with Basic Materials background

Shares of Geodrill Limited (TSE:GEO - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.95 and traded as high as C$3.07. Geodrill shares last traded at C$3.04, with a volume of 8,673 shares trading hands.

Geodrill Stock Performance

The stock's 50 day moving average price is C$2.88 and its 200 day moving average price is C$2.96. The company has a current ratio of 2.51, a quick ratio of 1.56 and a debt-to-equity ratio of 2.45. The company has a market capitalization of C$101.08 million, a price-to-earnings ratio of 12.11, a P/E/G ratio of 0.04 and a beta of 0.86.

Geodrill (TSE:GEO - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.05). Geodrill had a net margin of 5.95% and a return on equity of 7.24%. During the same period last year, the firm earned ($0.03) EPS. Analysts expect that Geodrill Limited will post 0.3108935 earnings per share for the current year.

Insider Activity

In other news, insider Sustainable Capital Ltd sold 10,900 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$3.01, for a total transaction of C$32,764.31. In the last three months, insiders sold 193,600 shares of company stock worth $611,267. 41.12% of the stock is currently owned by company insiders.

Geodrill Company Profile

(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.

Further Reading

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