Geodrill Limited (TSE:GEO – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.
Wall Street Analysts Forecast Growth
Separately, Beacon Securities raised Geodrill from a “hold” rating to a “buy” rating and raised their target price 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 Price Performance
Geodrill (TSE:GEO – Get Free Report) last released its earnings results on Monday, March 4th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business 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 expect 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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