Geodrill (TSE:GEO) Stock 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 Monday . The stock has a 200-day moving average of C$3.65 and traded as high as C$3.68. Geodrill shares last traded at C$3.65, with a volume of 48,137 shares.

Geodrill Stock Performance

The company has a 50 day simple moving average of C$3.85 and a 200-day simple moving average of C$3.65. The stock has a market capitalization of C$172.14 million, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 0.04 and a beta of 0.38. The company has a quick ratio of 1.56, a current ratio of 2.51 and a debt-to-equity ratio of 2.45.

Geodrill (TSE:GEO) last issued its earnings results on Thursday, November 13th. The company reported C($0.03) EPS for the quarter. Geodrill had a net margin of 5.95% and a return on equity of 7.24%. The firm had revenue of C$54.26 million during the quarter. As a group, equities research analysts expect that Geodrill Limited will post 0.3108935 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sustainable Capital Ltd sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of C$4.10, for a total value of C$205,000.00. Following the transaction, the insider owned 4,465,527 shares in the company, valued at C$18,308,660.70. This trade represents a 1.11% decrease in their ownership of the stock. Insiders own 41.12% of the company’s stock.

Geodrill Company Profile

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.