Geodrill (TSE:GEO) Shares Pass Above 200 Day Moving Average – Should You Sell?

Geodrill Limited (TSE:GEO)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$3.65 and traded as high as C$3.78. Geodrill shares last traded at C$3.67, with a volume of 16,274 shares.

Geodrill Stock Performance

The business has a fifty day moving average of C$3.90 and a 200-day moving average of C$3.65. The company has a market cap of C$173.09 million, a PE ratio of 19.32, a P/E/G ratio of 0.04 and a beta of 0.63. The company has a current ratio of 2.51, a quick ratio of 1.56 and a debt-to-equity ratio of 2.45.

Geodrill (TSE:GEO) last issued its quarterly earnings data on Thursday, November 13th. The company reported C($0.03) earnings per share for the quarter. Geodrill had a return on equity of 7.24% and a net margin of 5.95%.The business had revenue of C$54.26 million during the quarter. Equities research analysts anticipate that Geodrill Limited will post 0.3108935 earnings per share for the current fiscal year.

Insider Transactions at Geodrill

In other Geodrill news, insider Sustainable Capital Ltd sold 50,000 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of C$4.10, for a total transaction of C$205,000.00. Following the transaction, the insider directly owned 4,465,527 shares of the company’s stock, valued at approximately C$18,308,660.70. The trade was a 1.11% decrease in their position. Insiders own 41.12% of the company’s stock.

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.