Geodrill (TSE:GEO) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Geodrill Limited (TSE:GEO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.90 and traded as high as C$2.93. Geodrill shares last traded at C$2.91, with a volume of 9,760 shares traded.

Geodrill Stock Performance

The company has a 50-day simple moving average of C$3.08 and a two-hundred day simple moving average of C$2.90. The company has a quick ratio of 1.56, a current ratio of 2.51 and a debt-to-equity ratio of 2.45. The firm has a market cap of C$97.72 million, a PE ratio of 11.71, a PEG ratio of 0.04 and a beta of 0.86.

Geodrill (TSE:GEO) 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 return on equity of 7.24% and a net margin of 5.95%. During the same period in the previous year, the firm posted ($0.03) earnings per share. As a group, equities research analysts forecast that Geodrill Limited will post 0.3108935 earnings per share for the current year.

Insider Activity

In other news, insider Sustainable Capital Ltd sold 9,700 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of C$3.18, for a total transaction of C$30,846.00. Insiders have sold 197,000 shares of company stock valued at $623,213 in the last 90 days. Insiders own 41.12% of the company’s stock.

About Geodrill

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.