What Will Happen to Geodrill Ltd Next? The Stock Just Declined A Lot

 What Will Happen to Geodrill Ltd Next? The Stock Just Declined A Lot

The stock of Geodrill Ltd (TSE:GEO) is a huge mover today! The stock last traded at $2.49 per share. It is down 179.78% since April 7, 2016 and is uptrending. It has outperformed by 173.63% the S&P500.
The move comes after 5 months negative chart setup for the $108.40M company. It was reported on Nov, 11 by Barchart.com. We have $2.17 PT which if reached, will make TSE:GEO worth $14.09M less.

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. TD Securities upgraded the shares of GEO in a report on Thursday, May 12 to “Speculative Buy” rating. Paradigm Research maintained it with “Buy” rating and $4.25 target price in Thursday, September 22 report.

Geodrill Limited is a drilling company. The company has a market cap of $108.40 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 48.8 P/E ratio. The Company’s divisions include Ghana and Outside Ghana.

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