Geodrill (TSE:GEO) Stock 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 Monday . The stock has a two hundred day moving average of C$2.90 and traded as high as C$2.93. Geodrill shares last traded at C$2.91, with a volume of 9,760 shares trading hands.

Geodrill Price Performance

The firm has a market capitalization of C$97.72 million, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86. 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 business has a 50 day simple moving average of C$3.08 and a two-hundred day simple moving average of C$2.90.

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 return on equity of 7.24% and a net margin of 5.95%. During the same period in the prior year, the business earned ($0.03) earnings per share. On average, sell-side analysts expect that Geodrill Limited will post 0.3108935 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sustainable Capital Ltd sold 10,900 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$3.01, for a total value of C$32,764.31. Insiders have sold 197,000 shares of company stock worth $623,213 in the last ninety days. 41.12% of the stock is currently owned by 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.