Geodrill (TSE:GEO) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Geodrill Limited (TSE:GEO) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.33 and traded as high as C$2.69. Geodrill shares last traded at C$2.67, with a volume of 109,634 shares changing hands.

Geodrill Trading Up 1.9 %

The company has a market capitalization of C$125.92 million, a PE ratio of 33.38, a PEG ratio of 0.04 and a beta of 0.86. The company has a current ratio of 2.59, a quick ratio of 1.56 and a debt-to-equity ratio of 8.35. The stock has a fifty day moving average of C$2.61 and a two-hundred day moving average of C$2.33.

Geodrill (TSE:GEO) last posted its earnings results on Monday, August 12th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$56.34 million during the quarter. Geodrill had a net margin of 2.02% and a return on equity of 2.27%. As a group, sell-side analysts anticipate that Geodrill Limited will post 0.3108935 earnings per share for the current fiscal year.

Insider Activity at Geodrill

In related news, insider Sustainable Capital Ltd sold 424,600 shares of Geodrill stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$2.71, for a total value of C$1,150,666.00. 41.12% of the stock is currently owned by insiders.

About Geodrill

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