Geodrill (TSE:GEO) Share Price Passes Above Two Hundred Day Moving Average of $1.88

Geodrill Limited (TSE:GEO - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.88 and traded as high as C$2.27. Geodrill shares last traded at C$2.11, with a volume of 12,686 shares changing hands.

Analysts Set New Price Targets

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

Geodrill Stock Up 1.9 %

The business's 50 day moving average is C$1.84 and its 200 day moving average is C$1.88. The company has a market capitalization of C$100.88 million, a price-to-earnings ratio of 19.55, a PEG ratio of 0.04 and a beta of 0.88. The company has a debt-to-equity ratio of 11.48, a quick ratio of 1.56 and a current ratio of 2.38.

Geodrill (TSE:GEO - Get Free Report) last released its earnings results on Monday, March 4th. The company reported C($0.04) EPS for the quarter. The company had revenue of C$40.93 million during the quarter. Geodrill had a return on equity of 3.47% and a net margin of 2.99%. Sell-side analysts anticipate that Geodrill Limited will post 0.23042 earnings per share for the current 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.