Geodrill (OTCMKTS:GEODF) Trading Down 3.6% – Should You Sell?

Geodrill Limited (OTCMKTS:GEODFGet Free Report) shares dropped 3.6% during trading on Monday . The company traded as low as $1.86 and last traded at $1.90. Approximately 31,246 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 20,559 shares. The stock had previously closed at $1.97.

Geodrill Trading Down 2.9%

The company’s 50-day simple moving average is $1.89 and its 200-day simple moving average is $2.06.

About Geodrill

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Geodrill Limited is a Ghana-based contract drilling services company catering to mineral exploration and resource development projects in West and Central Africa. The company offers a full suite of drilling solutions, including reverse circulation, diamond core, percussion and wireline logging methods. These capabilities enable Geodrill to generate critical data on mineralisation attributes such as grade, continuity and structural orientation for its mining industry clients.

Established in 2004 and headquartered in Accra, Geodrill has developed operations across multiple jurisdictions, including Burkina Faso, Mali, Côte d’Ivoire, Guinea and the Democratic Republic of Congo.

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