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Geodrill (TSE:GEO) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Geodrill logo with Basic Materials background

Key Points

  • Geodrill Limited's stock price recently surpassed its 200-day moving average of C$3.25, reaching a high of C$3.55 during trading.
  • Insider Sustainable Capital Ltd sold 35,400 shares at an average price of C$3.70, contributing to a total of 1,374,100 shares sold by insiders over the last three months.
  • The company has a market capitalization of C$113.84 million and a price-to-earnings ratio of 13.64, indicating its current financial performance metrics.
  • Looking to export and analyze Geodrill data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Geodrill Limited (TSE:GEO - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.25 and traded as high as C$3.55. Geodrill shares last traded at C$3.39, with a volume of 63,031 shares changing hands.

Geodrill Trading Down 4.0%

The company has a market cap of C$113.84 million, a price-to-earnings ratio of 13.64, a P/E/G ratio of 0.04 and a beta of 0.86. 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 firm has a fifty day moving average price of C$3.60 and a 200 day moving average price of C$3.25.

Insider Activity at Geodrill

In related news, insider Sustainable Capital Ltd sold 35,400 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of C$3.70, for a total value of C$130,980.00. Over the last three months, insiders sold 1,374,100 shares of company stock valued at $4,913,384. Corporate insiders own 41.12% of the company's stock.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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