Geodrill (TSE:GEO) Stock Passes Above 200 Day Moving Average – Time to Sell?

Geodrill Limited (TSE:GEO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.91 and traded as high as C$3.00. Geodrill shares last traded at C$2.91, with a volume of 10,289 shares traded.

Geodrill Stock Performance

The firm’s 50-day moving average price is C$3.06 and its two-hundred day moving average price is C$2.91. The company has a quick ratio of 1.56, a current ratio of 2.51 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of C$97.72 million, a PE ratio of 11.71, a P/E/G ratio of 0.04 and a beta of 0.86.

Geodrill (TSE:GEO) last posted its quarterly earnings data on Monday, March 3rd. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm earned ($0.03) EPS. As a group, research analysts predict that Geodrill Limited will post 0.3108935 earnings per share for the current fiscal year.

Insider Activity

In other Geodrill news, insider Sustainable Capital Ltd sold 9,700 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of C$3.18, for a total value of C$30,846.00. Over the last quarter, insiders have sold 203,300 shares of company stock worth $642,113. 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.