Geodrill (TSE:GEO) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Geodrill Limited (TSE:GEO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.91 and traded as high as C$3.00. Geodrill shares last traded at C$2.91, with a volume of 10,289 shares.

Geodrill Stock Down 2.7 %

The firm has a market cap of C$97.72 million, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86. The stock has a 50-day moving average of C$3.06 and a 200-day moving average of C$2.91. The company has a current ratio of 2.51, a quick ratio of 1.56 and a debt-to-equity ratio of 2.45.

Geodrill (TSE:GEO) last announced its quarterly earnings results on Monday, March 3rd. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.05). Geodrill had a net margin of 5.95% and a return on equity of 7.24%. During the same quarter last year, the company posted ($0.03) EPS. As a group, sell-side analysts forecast that Geodrill Limited will post 0.3108935 EPS for the current fiscal year.

Insider Activity at Geodrill

In other news, insider Sustainable Capital Ltd sold 10,900 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$3.01, for a total value of C$32,764.31. Insiders have sold a total of 203,300 shares of company stock worth $642,113 in the last three months. 41.12% of the stock is owned by company insiders.

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.