Geodrill (TSE:GEO) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Geodrill Limited (TSE:GEO)’s stock 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 traded.

Geodrill Stock Performance

The company has a market cap of C$135.89 million, a P/E ratio of -11.00, a price-to-earnings-growth 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 stock has a 50 day moving average price of C$2.66 and a two-hundred day moving average price of C$2.98.

Insider Activity

In related news, insider Sustainable Capital Ltd sold 10,100 shares of the company’s 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 transaction, the insider directly owned 4,435,427 shares in the company, valued at approximately C$12,020,007.17. This represents a 0.23% decrease in their ownership of the stock. Insiders have bought a total of 10,000 shares of company stock valued at $26,610 over the last three months. Insiders own 41.12% of the company’s stock.

About Geodrill

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.