Geodrill (TSE:GEO) Shares Cross Above 200-Day Moving Average – Should You Sell?

Geodrill Limited (TSE:GEO)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.67 and traded as high as C$3.06. Geodrill shares last traded at C$3.05, with a volume of 16,870 shares trading hands.

Geodrill Price Performance

The company has a debt-to-equity ratio of 8.35, a current ratio of 2.59 and a quick ratio of 1.56. The company has a 50 day moving average price of C$2.95 and a 200 day moving average price of C$2.67. The firm has a market cap of C$141.48 million, a PE ratio of 37.50, a PEG ratio of 0.04 and a beta of 0.86.

Insider Activity

In other news, insider Sustainable Capital Ltd sold 173,200 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$2.90, for a total transaction of C$502,591.76. Insiders own 41.12% of the company’s stock.

Geodrill Company Profile

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.