What’s Next for Geodrill Ltd After Today’s Huge Increase?

 What's Next for Geodrill Ltd After Today's Huge Increase?

The stock of Geodrill Ltd (TSE:GEO) is a huge mover today! About 14,350 shares traded hands. Geodrill Ltd (TSE:GEO) has risen 233.33% since March 29, 2016 and is uptrending. It has outperformed by 230.81% the S&P500.
The move comes after 8 months positive chart setup for the $106.19 million company. It was reported on Nov, 2 by Barchart.com. We have $3.83 PT which if reached, will make TSE:GEO worth $60.53 million more.

Geodrill Ltd (TSE:GEO) Ratings Coverage

Out of 2 analysts covering Geodrill (TSE:GEO), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Geodrill has been the topic of 3 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by Paradigm Research with “Buy” on Thursday, September 22. The stock has “Speculative Buy” rating given by TD Securities on Thursday, May 12.

Geodrill Limited is a drilling company. The company has a market cap of $106.19 million. The Firm is engaged in the provision of exploration and development drilling services to mining companies with exploration, development and production activities in West Africa and the African Copperbelt. It has a 48.12 P/E ratio. The Company’s divisions include Ghana and Outside Ghana.

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