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

Shares of Geodrill Limited (TSE:GEO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Geodrill Stock Performance

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

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

Geodrill Company Profile

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.