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$1.88 and traded as high as C$2.27. Geodrill shares last traded at C$2.11, with a volume of 12,686 shares trading hands.
Wall Street Analyst Weigh In
Separately, Beacon Securities upgraded Geodrill from a “hold” rating to a “buy” rating and upped their price target for the stock from C$1.90 to C$2.25 in a report on Tuesday, March 5th.
Read Our Latest Analysis on GEO
Geodrill Trading Down 5.0 %
Geodrill (TSE:GEO – Get Free Report) last announced its earnings results on Monday, March 4th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$40.93 million during the quarter. Geodrill had a net margin of 2.99% and a return on equity of 3.47%. As a group, research analysts forecast that Geodrill Limited will post 0.23042 EPS for the current year.
Geodrill Company Profile
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.
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