Geodrill (TSE:GEO) Share Price Passes Above Two Hundred Day Moving Average of $2.39

Geodrill Limited (TSE:GEOGet Rating)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.39 and traded as high as C$2.55. Geodrill shares last traded at C$2.48, with a volume of 9,900 shares.

Separately, TD Securities boosted their price objective on Geodrill from C$3.75 to C$4.25 and gave the stock a “buy” rating in a research note on Tuesday, March 8th.

The company has a quick ratio of 1.51, a current ratio of 2.43 and a debt-to-equity ratio of 11.26. The firm has a market cap of C$115.25 million and a price-to-earnings ratio of 6.19. The stock’s 50-day moving average price is C$2.52 and its 200 day moving average price is C$2.39.

Geodrill (TSE:GEOGet Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported C$0.16 earnings per share for the quarter. The firm had revenue of C$42.32 million for the quarter. On average, research analysts predict that Geodrill Limited will post 0.47 EPS for the current year.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 18th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, March 17th. This is a boost from Geodrill’s previous Semi-Annual dividend of $0.01. This represents a yield of 1.12%. Geodrill’s dividend payout ratio (DPR) is presently 8.01%.

Geodrill Company Profile (TSE:GEO)

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

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