Geodrill (TSE:GEO) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Geodrill Limited (TSE:GEO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.59 and traded as high as C$3.01. Geodrill shares last traded at C$3.01, with a volume of 1,302 shares changing hands.

Geodrill Stock Down 1.0 %

The firm has a market capitalization of C$141.95 million, a P/E ratio of 37.63, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86. The stock has a fifty day moving average of C$2.89 and a 200 day moving average of C$2.60. The company has a debt-to-equity ratio of 8.35, a current ratio of 2.59 and a quick ratio of 1.56.

Insiders Place Their Bets

In related news, insider Sustainable Capital Ltd sold 58,300 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$2.75, for a total value of C$160,383.30. 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.