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Geodrill (TSE:GEO) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Geodrill logo with Basic Materials background

Shares of Geodrill Limited (TSE:GEO - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.35 and traded as high as C$2.85. Geodrill shares last traded at C$2.78, with a volume of 16,680 shares.

Geodrill Stock Up 0.4 %

The company's fifty day simple moving average is C$2.64 and its 200 day simple moving average is C$2.36. The company has a quick ratio of 1.56, a current ratio of 2.59 and a debt-to-equity ratio of 8.35. The firm has a market capitalization of C$131.58 million, a PE ratio of 34.75, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86.

Geodrill (TSE:GEO - Get Free Report) last released its earnings results on Monday, August 12th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$56.34 million during the quarter. Geodrill had a return on equity of 2.27% and a net margin of 2.02%. Analysts anticipate 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 424,600 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$2.71, for a total value of C$1,150,666.00. 41.12% of the stock is owned by company insiders.

Geodrill Company Profile

(Get Free Report)

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.

Further Reading

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