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Geodrill (TSE:GEO) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Geodrill logo with Basic Materials background

Geodrill Limited (TSE:GEO - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Geodrill Price Performance

The company's 50 day moving average price is C$3.07 and its 200-day moving average price is C$2.80. The company has a market capitalization of C$145.72 million, a PE ratio of 38.63, a PEG ratio of 0.04 and a beta of 0.86. The company has a current ratio of 2.59, a quick ratio of 1.56 and a debt-to-equity ratio of 8.35.

Geodrill (TSE:GEO - Get Free Report) last announced its quarterly 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 quarter in the previous year, the business posted ($0.08) earnings per share. On average, sell-side analysts forecast that Geodrill Limited will post 0.3108935 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Sustainable Capital Ltd sold 58,300 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$2.75, for a total value of C$160,383.30. In the last three months, insiders sold 241,200 shares of company stock valued at $693,821. Company insiders own 41.12% of the company's stock.

About Geodrill

(Get Free Report)

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.

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