Geodrill (TSE:GEO) Shares Pass Above 200-Day Moving Average – Time to Sell?

Geodrill Limited (TSE:GEO)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Geodrill Stock Performance

The company has a market cap of C$149.03 million, a P/E ratio of 39.50, a P/E/G 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. The business has a fifty day simple moving average of C$2.97 and a two-hundred day simple moving average of C$2.70.

Insider Transactions at Geodrill

In related news, insider Sustainable Capital Ltd sold 58,300 shares of Geodrill stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$2.75, for a total transaction of C$160,383.30. Company 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.