Geodrill Limited (TSE:GEO – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.88 and traded as high as C$2.27. Geodrill shares last traded at C$2.11, with a volume of 12,686 shares trading hands.
Wall Street Analyst Weigh In
Separately, Beacon Securities upgraded Geodrill from a “hold” rating to a “buy” rating and lifted their price target for the company from C$1.90 to C$2.25 in a report on Tuesday, March 5th.
Read Our Latest Research Report on Geodrill
Geodrill Stock Down 1.4 %
Geodrill (TSE:GEO – Get Free Report) last issued its earnings results on Monday, March 4th. The company reported C($0.04) earnings per share (EPS) for the quarter. Geodrill had a return on equity of 3.47% and a net margin of 2.99%. The firm had revenue of C$40.93 million for the quarter. Equities research analysts predict that Geodrill Limited will post 0.23042 EPS 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.
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