Geodrill (TSE:GEO) Shares Pass Above 200 Day Moving Average of $1.87

Shares of Geodrill Limited (TSE:GEO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.87 and traded as high as C$2.15. Geodrill shares last traded at C$2.12, with a volume of 2,900 shares traded.

Wall Street Analyst Weigh In

Separately, Beacon Securities upgraded Geodrill from a “hold” rating to a “buy” rating and raised their target price for the stock from C$1.90 to C$2.25 in a research report on Tuesday, March 5th.

Geodrill Price Performance

The company has a 50 day moving average price of C$1.90 and a 200 day moving average price of C$1.88. The company has a market capitalization of C$98.53 million, a price-to-earnings ratio of 19.09, a PEG ratio of 0.04 and a beta of 0.88. The company has a current ratio of 2.38, a quick ratio of 1.56 and a debt-to-equity ratio of 11.48.

Geodrill (TSE:GEO) last released its earnings results on Monday, March 4th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$40.93 million during the quarter. Geodrill had a net margin of 2.99% and a return on equity of 3.47%. As a group, equities research analysts forecast that Geodrill Limited will post 0.23042 earnings per share for the current year.

About Geodrill

Geodrill Limited, together with its subsidiaries, provides mineral exploration drilling services to mining companies in West Africa, Egypt, Chile, and Peru. It offers reverse circulation, core, air-core, deep directional Navi, water borehole, underground, and horizontal drilling services, as well as reverse circulation and reverse circulation grade control.