Geodrill (TSE:GEO) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Geodrill Limited (TSE:GEO)’s stock price crossed 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 traded.

Geodrill Stock Down 0.4 %

The company has a market cap of C$131.10 million, a price-to-earnings ratio of 34.88, a price-to-earnings-growth 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’s fifty day moving average is C$2.64 and its two-hundred day moving average is C$2.36.

Geodrill (TSE:GEO) last issued its quarterly earnings data on Monday, August 12th. The company reported C$0.14 EPS for the quarter. The firm 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%. Sell-side analysts predict that Geodrill Limited will post 0.3108935 earnings per share for the current fiscal year.

Insider Buying and Selling at Geodrill

In related news, insider Sustainable Capital Ltd sold 424,600 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of C$2.71, for a total transaction of C$1,150,666.00. Company insiders own 41.12% of the company’s stock.

About Geodrill

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.