Geodrill (TSE:GEO) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Geodrill Limited (TSE:GEO) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Price Performance

The business’s fifty day moving average price is C$3.06 and its two-hundred day moving average price is 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. The firm has a market cap of C$97.72 million, a P/E ratio of 11.71, a P/E/G ratio of 0.04 and a beta of 0.86.

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 return on equity of 7.24% and a net margin of 5.95%. During the same period in the prior year, the company earned ($0.03) earnings per share. As a group, equities research analysts anticipate that Geodrill Limited will post 0.3108935 EPS for the current year.

Insider Transactions at Geodrill

In other news, insider Sustainable Capital Ltd sold 9,700 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of C$3.18, for a total value of C$30,846.00. Over the last ninety days, insiders sold 203,300 shares of company stock worth $642,113. Corporate insiders own 41.12% of the company’s stock.

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.