Geodrill Ltd (GEO) Rating Reiterated by Paradigm Capital
Geodrill Ltd (TSE:GEO)‘s stock had its “buy” rating reissued by stock analysts at Paradigm Capital in a research report issued on Thursday. They currently have a C$4.25 price objective on the stock. Paradigm Capital’s target price would indicate a potential upside of 89.73% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. TD Securities raised shares of Geodrill from a “speculative buy” rating to a “buy” rating and increased their target price for the company from C$1.75 to C$2.75 in a research report on Tuesday, August 9th. Beacon Securities restated a “buy” rating on shares of Geodrill in a research note on Thursday, July 21st.
Geodrill (TSE:GEO) traded up 5.36% on Thursday, hitting $2.36. 51,844 shares of the company were exchanged. The company has a market capitalization of $100.33 million and a P/E ratio of 56.19. Geodrill has a 52 week low of $0.40 and a 52 week high of $2.38. The firm’s 50 day moving average is $2.08 and its 200 day moving average is $1.46.
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Geodrill Limited is a drilling company. The Company is engaged in the provision of exploration and development drilling services to mining companies with exploration, development and production operations in West Africa and the African Copperbelt. The Company’s segments include Ghana and Outside Ghana.
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