Geodrill (TSE:GEO) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Geodrill Limited (TSE:GEO)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.59 and traded as high as C$3.01. Geodrill shares last traded at C$3.01, with a volume of 1,302 shares.

Geodrill Price Performance

The company has a 50 day moving average price of C$2.89 and a 200-day moving average price of C$2.60. The company has a quick ratio of 1.56, a current ratio of 2.59 and a debt-to-equity ratio of 8.35. The company has a market cap of C$141.95 million, a price-to-earnings ratio of 37.63, a P/E/G ratio of 0.04 and a beta of 0.86.

Insider Activity

In other Geodrill news, insider Sustainable Capital Ltd sold 173,200 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$2.90, for a total value of C$502,591.76. 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.