Geodrill (TSE:GEO) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Geodrill Limited (TSE:GEO)’s share price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of C$2.66 and traded as high as C$2.86. Geodrill shares last traded at C$2.86, with a volume of 333,259 shares.

Geodrill Trading Down 0.7%

The stock has a market cap of C$133.04 million, a price-to-earnings ratio of -10.77, a PEG ratio of 0.04 and a beta of 0.81. The company has a quick ratio of 1.56, a current ratio of 1.86 and a debt-to-equity ratio of 10.79. The business’s 50 day simple moving average is C$2.67 and its 200 day simple moving average is C$2.97.

Insider Buying and Selling at Geodrill

In other Geodrill news, insider Sustainable Capital Ltd sold 10,100 shares of Geodrill stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$2.71, for a total value of C$27,371.00. Following the completion of the sale, the insider owned 4,435,427 shares in the company, valued at C$12,020,007.17. The trade was a 0.23% decrease in their position. Insiders acquired a total of 10,000 shares of company stock worth $26,610 over the last three months. 41.12% of the stock is currently owned by company insiders.

Geodrill Company Profile

Geodrill has been successful in establishing a leading market position in Ghana and Cote d’Ivoire. The Company also operates in other African jurisdictions including Egypt and Senegal and is focusing its South America operations on Chile. With the large fleet of multi-purpose rigs, Geodrill provides a broad selection of diverse drilling services, including exploration, delineation, underground and grade control drilling, to meet the specific needs of its clients. The Company’s client mix is made up of senior mining, intermediate and junior exploration companies.