Geodrill (TSE:GEO) Shares Pass Below 50 Day Moving Average of $1.51

Geodrill Ltd (TSE:GEO)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.51 and traded as low as $1.57. Geodrill shares last traded at $1.57, with a volume of 6,600 shares changing hands.

The firm has a market capitalization of $68.05 million and a P/E ratio of 154.00. The company’s 50 day simple moving average is C$1.51. The company has a debt-to-equity ratio of 11.14, a quick ratio of 1.21 and a current ratio of 2.16.

Geodrill (TSE:GEO) last announced its quarterly earnings data on Monday, May 13th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.02 by C$0.02. The business had revenue of C$29.42 million during the quarter, compared to analysts’ expectations of C$31.27 million. Equities analysts forecast that Geodrill Ltd will post 0.11 EPS for the current fiscal year.

About Geodrill (TSE:GEO)

Geodrill Limited, together with its subsidiaries, provides exploration and development drilling services to various mining companies with exploration, development, and production operations in West Africa and the African copper belt. The company offers reverse circulation (RC), diamond core, air-core, directional, RC grade control, water bore, and underground drilling services.

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