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A statement released earlier today by Paradigm Research about Geodrill Ltd (TSE:GEO) bumps the target price to $4.25

Stating as potential upside of 0.79%, Paradigm Research upped the price target of Geodrill Ltd (TSE:GEO) to $4.25

On 5/12/2016, TD Securities released a statement on Geodrill Ltd (TSE:GEO) upped the target price from $1.25 to $1.75 that suggested an upside of 0.34%.

Having a price of $2.38, Geodrill Ltd (TSE:GEO) traded 6.25% higher on the day. With the last close up 62.97% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Geodrill Ltd has recorded a 50-day average of $2.08 and a two hundred day average of $1.46. Trading volume was up over the average, with 63,344 shares of GEO changing hands over the typical 27,603

Recent Performance Chart

Geodrill Ltd (TSE:GEO)

Geodrill Ltd has 52 week low of $0.40 and a 52 week high of $2.38 with a PE ratio of 56.67 and has a market capitalization of $0.

In addition to Paradigm Research reporting its stock price target, a total of 1 brokerage has issued a ratings update on the company. The average stock price target is $0.97 with 0 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Geodrill Ltd (TSE:GEO)

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. The Company offers various types of drilling services, such as reverse circulation (RC), diamond core (Core), Air-core, Grade Control and Water bore. The Company has a fleet of approximately 40 drill rigs. Along with its fleet of Multi-Purpose, Core, Air-core and Grade Control drill rigs, the Company also owns drilling support equipment, including a fleet of boosters and auxiliary compressors. The Company also owns and operates a fleet of trucks, track support vehicles and light vehicles. The Company has operations in Ghana, Burkina Faso, Cote d'Ivoire and Mali.

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