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

Geodrill Limited (TSE:GEO - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.93 and traded as high as C$2.99. Geodrill shares last traded at C$2.97, with a volume of 9,445 shares traded.

Geodrill Stock Performance

The company's 50-day moving average is C$2.89 and its two-hundred day moving average is C$2.95. The company has a market capitalization of C$103.09 million, a P/E ratio of 12.35, a PEG 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 posted its quarterly earnings data on Monday, March 3rd. The company reported C($0.01) earnings per share 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 quarter in the previous year, the firm posted ($0.03) EPS. Equities analysts anticipate that Geodrill Limited will post 0.3108935 earnings per share for the current fiscal year.

Insider Transactions at Geodrill

In related news, insider Sustainable Capital Ltd sold 63,600 shares of Geodrill stock in a transaction on Thursday, February 13th. The shares were sold at an average price of C$3.21, for a total value of C$204,156.00. 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 corporate insiders.

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.