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

Key Points

• Geodrill Limited shares surpassed their two hundred day moving average, trading as high as C$3.48, with a latest price of C$3.39.
• The company has a market cap of C$159.88 million and shows a strong current ratio of 2.51, indicating good short-term financial health.
• Insider Sustainable Capital Ltd sold a significant 143,800 shares at an average price of C$3.55, contributing to a total of 544,200 shares sold by insiders in the last ninety days.

Geodrill Limited (TSE:GEO - ) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.31 and traded as high as C$3.48. Geodrill shares last traded at C$3.39, with a volume of 24,169 shares.

Geodrill Trading Down 0.9%

The company has a market cap of C$159.88 million, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 0.04 and a beta of 0.64. 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 firm has a 50-day moving average price of C$3.49 and a 200 day moving average price of C$3.31.

Insider Transactions at Geodrill

In related news, insider Sustainable Capital Ltd sold 143,800 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of C$3.55, for a total transaction of C$511,036.44. In the last ninety days, insiders sold 544,200 shares of company stock worth $1,945,846. Insiders own 41.12% of the company's stock.

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.

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