Geodrill (TSE:GEO) Stock Crosses Above 200-Day Moving Average of $1.90

Geodrill Limited (TSE:GEO - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.90 and traded as high as C$1.97. Geodrill shares last traded at C$1.90, with a volume of 10,200 shares changing hands.

Wall Street Analyst Weigh In

Separately, Beacon Securities raised Geodrill from a "hold" rating to a "buy" rating and boosted their price target for the company from C$1.90 to C$2.25 in a research note on Tuesday, March 5th.

Geodrill Trading Up 3.2 %

The company has a 50-day simple moving average of C$1.75 and a 200-day simple moving average of C$1.89. The company has a debt-to-equity ratio of 11.48, a quick ratio of 1.56 and a current ratio of 2.38. The stock has a market cap of C$91.96 million, a P/E ratio of 17.82, a P/E/G ratio of 0.04 and a beta of 0.88.

Geodrill (TSE:GEO - Get Free Report) last announced its quarterly earnings data on Monday, March 4th. The company reported C($0.04) EPS for the quarter. Geodrill had a return on equity of 3.47% and a net margin of 2.99%. The company had revenue of C$40.93 million for the quarter. On average, sell-side analysts forecast that Geodrill Limited will post 0.2301205 EPS for the current fiscal year.

Geodrill Company Profile

Geodrill Limited, together with its subsidiaries, provides mineral exploration drilling services to mining companies in West Africa, Egypt, Chile, and Peru. It offers reverse circulation, core, air-core, deep directional Navi, water borehole, underground, and horizontal drilling services, as well as reverse circulation and reverse circulation grade control.