Geodrill (TSE:GEO) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Geodrill Limited (TSE:GEO)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.70 and traded as high as C$3.20. Geodrill shares last traded at C$3.16, with a volume of 16,984 shares trading hands.

Geodrill Trading Up 6.8 %

The stock has a market capitalization of C$149.03 million, a PE ratio of 39.50, 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. The business’s 50-day moving average is C$2.97 and its two-hundred day moving average is C$2.71.

Insiders Place Their Bets

In related news, insider Sustainable Capital Ltd sold 58,300 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$2.75, for a total value of C$160,383.30. 41.12% of the stock is owned by company insiders.

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.