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

Shares of Geodrill Limited (TSE:GEO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Geodrill Price Performance

The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.56 and a current ratio of 2.51. The stock’s 50-day moving average price is C$3.06 and its two-hundred day moving average price is C$2.91. The stock has a market capitalization of C$97.72 million, a PE ratio of 11.71, a P/E/G ratio of 0.04 and a beta of 0.86.

Geodrill (TSE:GEO) last announced its earnings results on Monday, March 3rd. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.05). Geodrill had a net margin of 5.95% and a return on equity of 7.24%. During the same quarter in the prior year, the company posted ($0.03) EPS. As a group, analysts expect that Geodrill Limited will post 0.3108935 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Sustainable Capital Ltd sold 17,600 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of C$3.12, for a total transaction of C$54,912.00. Insiders have sold 203,300 shares of company stock worth $642,113 in the last ninety days. 41.12% of the stock is owned by company insiders.

Geodrill Company Profile

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.