Geodrill (TSE:GEO) Stock Crosses Above 200-Day Moving Average – What’s Next?

Geodrill Limited (TSE:GEO)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.66 and traded as high as C$3.97. Geodrill shares last traded at C$3.85, with a volume of 78,676 shares.

Geodrill Price Performance

The stock’s 50-day moving average is C$3.89 and its 200 day moving average is C$3.66. 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 has a market capitalization of C$181.58 million, a PE ratio of 20.26, a P/E/G ratio of 0.04 and a beta of 0.63.

Geodrill (TSE:GEO) last announced its quarterly earnings results on Thursday, November 13th. The company reported C($0.03) earnings per share for the quarter. The company had revenue of C$54.26 million during the quarter. Geodrill had a net margin of 5.95% and a return on equity of 7.24%. As a group, equities analysts expect that Geodrill Limited will post 0.3108935 earnings per share for the current year.

Insider Transactions at Geodrill

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