Geodrill (OTCMKTS:GEODF) Share Price Breaks Above 200-Day Moving Average – Here’s Why

Geodrill Limited (OTCMKTS:GEODF – Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $2.12 and traded as high as $2.38. Geodrill shares last traded at $2.20, with a volume of 140,422 shares trading hands.

Geodrill Stock Performance

The firm’s 50-day simple moving average is $1.93 and its 200 day simple moving average is $2.11.

Geodrill Company Profile

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Geodrill Limited provides contract drilling services to the mining and mineral exploration industries. Its work supports clients exploring for and developing mineral deposits, with services spanning different stages of exploration and mine operations. The company offers diamond core, reverse circulation, air-core, grade-control and underground drilling, along with related drilling services. Geodrill operates primarily in Africa and has also served clients in South America. Founded in 1998, Geodrill was established by Dave Harper, who has led the company as its chief executive officer.

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