Geodrill (TSE:GEO) Share Price Crosses Above 200 Day Moving Average of $1.93

Geodrill Limited (TSE:GEO) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.93 and traded as high as C$1.97. Geodrill shares last traded at C$1.88, with a volume of 41,400 shares changing hands.

Analysts Set New Price Targets

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

Geodrill Stock Down 4.1 %

The company has a quick ratio of 1.56, a current ratio of 2.38 and a debt-to-equity ratio of 11.48. The stock has a market capitalization of C$88.21 million, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 0.04 and a beta of 0.88. The stock has a 50 day moving average price of C$1.74 and a 200 day moving average price of C$1.93.

Geodrill Company Profile

Geodrill Limited, together with its subsidiaries, provides mineral exploration drilling services to mining companies in West Africa, Egypt, Zambia, Chile, and Peru. It offers reverse circulation, core, air-core, deep directional Navi drilling, reverse circulation grade control, water borehole, underground, and horizontal drilling services.