Geodrill Ltd (TSE:GEO)‘s stock had its “buy” rating restated by equities researchers at Paradigm Capital in a research report issued to clients and investors on Thursday, reports. They currently have a C$4.25 target price on the stock. Paradigm Capital’s target price indicates a potential upside of 89.73% from the company’s previous close.

A number of other brokerages have also issued reports on GEO. TD Securities upgraded Geodrill from a “speculative buy” rating to a “buy” rating and boosted their price target for the stock from C$1.75 to C$2.75 in a research report on Tuesday, August 9th. Beacon Securities reiterated a “buy” rating on shares of Geodrill in a research report on Thursday, July 21st.

Geodrill (TSE:GEO) traded up 6.25% during mid-day trading on Thursday, reaching $2.38. The company’s stock had a trading volume of 53,844 shares. The company has a market capitalization of $101.18 million and a PE ratio of 56.67. The firm has a 50 day moving average price of $2.08 and a 200-day moving average price of $1.46. Geodrill has a 1-year low of $0.40 and a 1-year high of $2.38.

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About Geodrill

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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