Geodrill (TSE:GEO) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Geodrill Limited (TSE:GEO)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$2.93 and traded as high as C$3.23. Geodrill shares last traded at C$3.12, with a volume of 117,094 shares traded.

Geodrill Stock Down 3.5%

The company has a quick ratio of 1.56, a current ratio of 1.88 and a debt-to-equity ratio of 15.28. The company has a market cap of C$143.49 million, a PE ratio of -11.62, a P/E/G ratio of 0.04 and a beta of 0.50. The stock has a 50-day moving average of C$2.70 and a 200-day moving average of C$2.92.

Insider Buying and Selling at Geodrill

In other Geodrill news, insider Sustainable Capital Ltd sold 10,100 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$2.71, for a total value of C$27,371.00. Following the sale, the insider owned 4,435,427 shares of the company’s stock, valued at C$12,020,007.17. This trade represents a 0.23% decrease in their position. Over the last 90 days, insiders bought 6,000 shares of company stock valued at $16,450. Company insiders own 41.12% of the company’s stock.

Geodrill Company Profile

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.