Geodrill (TSE:GEO) Stock Passes 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 Friday . The stock has a two hundred day moving average of C$2.70 and traded as high as C$3.20. Geodrill shares last traded at C$3.16, with a volume of 16,984 shares.

Geodrill Trading Up 6.8 %

The stock has a fifty day simple moving average of C$2.97 and a 200 day simple moving average of C$2.70. The firm has a market capitalization of C$149.03 million, a P/E ratio of 39.50, a PEG ratio of 0.04 and a beta of 0.86. The company has a quick ratio of 1.56, a current ratio of 2.59 and a debt-to-equity ratio of 8.35.

Insider Activity at Geodrill

In other Geodrill news, insider Sustainable Capital Ltd sold 173,200 shares of Geodrill stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$2.90, for a total value of C$502,591.76. 41.12% of the stock is owned by corporate insiders.

About Geodrill

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.