What’s Next for Capital Drilling Ltd After Today’s Huge Increase?

 What's Next for Capital Drilling Ltd After Today's Huge Increase?

The stock of Capital Drilling Ltd (LON:CAPD) is a huge mover today! The stock increased 7.31% or GBX 3.6 on November 10, hitting GBX 52.85. About 178,246 shares traded hands. Capital Drilling Ltd (LON:CAPD) has risen 58.87% since April 12, 2016 and is uptrending. It has outperformed by 53.22% the S&P500.
The move comes after 6 months positive chart setup for the GBX 71.41M company. It was reported on Nov, 10 by Barchart.com. We have GBX 73.46 PT which if reached, will make LON:CAPD worth GBX 27.85M more.

Capital Drilling Limited is a Singapore drilling services contractor company. The company has a market cap of 71.41 million GBP. The Firm and its subsidiaries provide drilling services, including exploration, development, grade control and blast hole drilling services to mineral exploration and mining companies located in emerging and developed markets. It currently has negative earnings. The Company’s geographical divisions include Africa, which is involved in the provision of drilling services, and Rest of World, which is involved in the provision of drilling services and related logistic, equipment rental and information technology support services.

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