Geodrill (TSE:GEO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Geodrill Limited (TSE:GEO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.70 and traded as high as C$3.20. Geodrill shares last traded at C$3.16, with a volume of 16,984 shares.

Geodrill Stock Performance

The stock has a 50-day moving average price of C$2.97 and a 200 day moving average price of C$2.71. The firm has a market capitalization of C$149.03 million, a price-to-earnings ratio of 39.50, a P/E/G ratio of 0.04 and a beta of 0.86. The company has a quick ratio of 1.56, a current ratio of 2.59 and a debt-to-equity ratio of 8.35.

Insider Buying and Selling at Geodrill

In related news, insider Sustainable Capital Ltd sold 58,300 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$2.75, for a total transaction of C$160,383.30. 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.