Geodrill (TSE:GEO) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Geodrill Limited (TSE:GEO) shares passed 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 trading hands.

Geodrill Trading Down 1.4%

The business has a 50 day simple moving average of C$3.84 and a 200-day simple moving average of C$3.65. The stock has a market capitalization of C$169.79 million, a price-to-earnings ratio of 18.95, a PEG ratio of 0.04 and a beta of 0.38. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.51 and a quick ratio of 1.56.

Insider Transactions at Geodrill

In other Geodrill news, insider Sustainable Capital Ltd sold 50,000 shares of Geodrill stock in a transaction that occurred on Tuesday, January 13th. The shares were 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 of the company’s stock, valued at approximately C$18,308,660.70. The trade was a 1.11% decrease in their ownership of the stock. Insiders own 41.12% of the company’s stock.

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.