Geodrill (TSE:GEO) Stock Passes Above 200 Day Moving Average – Time to Sell?

Geodrill Limited (TSE:GEO) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.78 and traded as high as C$3.12. Geodrill shares last traded at C$3.04, with a volume of 7,327 shares.

Geodrill Stock Down 2.6 %

The firm has a market capitalization of C$143.37 million, a P/E ratio of 38.00, a PEG ratio of 0.04 and a beta of 0.86. The company has a debt-to-equity ratio of 8.35, a quick ratio of 1.56 and a current ratio of 2.59. The stock has a 50 day moving average of C$3.05 and a 200-day moving average of C$2.78.

Geodrill (TSE:GEO) last posted its earnings results on Monday, November 11th. The company reported C$0.08 earnings per share for the quarter. Geodrill had a net margin of 2.02% and a return on equity of 2.27%. During the same period in the prior year, the business earned ($0.08) earnings per share. Research analysts predict that Geodrill Limited will post 0.3108935 earnings per share for the current fiscal year.

Insider Buying and Selling at Geodrill

In other news, insider Sustainable Capital Ltd sold 173,200 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$2.90, for a total value of C$502,591.76. Insiders have sold 241,200 shares of company stock valued at $693,821 in the last 90 days. 41.12% of the stock is currently owned by company insiders.

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.