Geodrill (TSE:GEO) Share Price Crosses Above 200 Day Moving Average of $1.87

Geodrill Limited (TSE:GEO) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.87 and traded as high as C$2.15. Geodrill shares last traded at C$2.12, with a volume of 2,900 shares changing hands.

Wall Street Analyst Weigh In

Separately, Beacon Securities upgraded shares of Geodrill from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$1.90 to C$2.25 in a research note on Tuesday, March 5th.

Geodrill Trading Up 1.0 %

The company’s 50 day simple moving average is C$1.88 and its 200 day simple moving average is C$1.87. The firm has a market cap of C$99.47 million, a price-to-earnings ratio of 19.27, a P/E/G ratio of 0.04 and a beta of 0.88. The company has a debt-to-equity ratio of 11.48, a current ratio of 2.38 and a quick ratio of 1.56.

Geodrill (TSE:GEO) last posted its quarterly earnings results on Monday, March 4th. The company reported C($0.04) EPS for the quarter. The business had revenue of C$40.93 million during the quarter. Geodrill had a return on equity of 3.47% and a net margin of 2.99%. As a group, research analysts expect that Geodrill Limited will post 0.23042 earnings per share for the current fiscal year.

About Geodrill

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.