Geodrill (TSE:GEO) Shares Pass Above 200 Day Moving Average of $1.87

Geodrill Limited (TSE:GEO)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.87 and traded as high as C$2.11. Geodrill shares last traded at C$2.11, with a volume of 4,300 shares changing hands.

Wall Street Analysts Forecast Growth

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

Geodrill Stock Up 2.9 %

The stock’s fifty day moving average price is C$1.96 and its 200-day moving average price is C$1.86. The company has a market capitalization of C$99.00 million, a price-to-earnings ratio of 19.18, a P/E/G ratio of 0.04 and a beta of 0.88. The company has a quick ratio of 1.56, a current ratio of 2.38 and a debt-to-equity ratio of 11.48.

Geodrill (TSE:GEO) last released its quarterly earnings results on Monday, March 4th. The company reported C($0.04) EPS for the quarter. Geodrill had a net margin of 2.99% and a return on equity of 3.47%. The company had revenue of C$40.93 million during the quarter. On average, sell-side analysts predict that Geodrill Limited will post 0.23042 earnings per share for the current fiscal year.

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.