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

Shares of Geodrill Limited (TSE:GEO) passed 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 trading hands.

Geodrill Price Performance

The stock’s 50-day moving average is C$3.89 and its two-hundred day moving average is C$3.66. The stock has a market cap of C$171.20 million, a PE ratio of 19.11, a PEG ratio of 0.04 and a beta of 0.63. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.56 and a current ratio of 2.51.

Geodrill (TSE:GEO) last issued its quarterly earnings results 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 company had revenue of C$54.26 million for the quarter. On average, equities analysts predict that Geodrill Limited will post 0.3108935 earnings per share for the current year.

Insider Transactions at Geodrill

In related news, insider Sustainable Capital Ltd sold 50,000 shares of the company’s 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 value of C$205,000.00. Following the sale, the insider owned 4,465,527 shares in the company, valued at C$18,308,660.70. This represents a 1.11% decrease in their position. Company insiders own 41.12% of the company’s stock.

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.