Geodrill Limited Surpasses 200-Day Moving Average, Stock Price Climbs to New High
January 16, 2023
Trending News 🌧️
Geodrill Limited Intrinsic Value – Geodrill Limited ($TSX:GEO) is a publicly traded oil and gas drilling services company operating in Africa and the Middle East. As a leader in the industry, Geodrill has provided drilling services to some of the largest oil and gas companies in the world. On Monday, Geodrill Limited’s stock price surpassed its 200-day moving average of $2.50, resulting in the stock climbing to a new high. The 200-day moving average is an important indicator for investors, as it is used to measure the long-term trend of the stock’s performance. When the stock price surpasses its 200-day moving average, it is often seen as a sign that investors are bullish on the stock. This was certainly the case with Geodrill Limited on Monday, as the stock price continued to climb throughout the day. Investors were likely encouraged by Geodrill’s recent successes and growth.
In addition, Geodrill Limited recently announced a new drilling contract with a major oil and gas company, which further increased investor confidence in the stock. The strong performance of Geodrill Limited’s stock on Monday is likely to be seen as a positive sign for the company’s future prospects. With its stock now trading above its 200-day moving average, investors may continue to be bullish on the stock and could push the price even higher in the coming weeks. This could be great news for those who have invested in Geodrill’s stock, as it could mean even more gains in the near future.
Price History
On Tuesday, Geodrill Limited stock opened at CA$2.8 and closed at CA$2.8, down by 0.7% from its prior closing price of 2.8. The stock price of Geodrill Limited has been steadily increasing over the past few months and has now surpassed its 200-day moving average. This significant milestone for the company has led to the stock reaching a new high, with prices continuing to rise despite the slight dip on Tuesday. The 200-day moving average is an important indicator of market performance, as it is the average price of a stock over the previous 200 days. When a company’s stock surpasses this benchmark, it is often seen as an indication that the company is doing well and is likely to continue to do so.
It also indicates that the market has faith in the company’s strategy and that investors are confident in its future prospects. As such, it is no surprise that investors have responded positively to Geodrill Limited’s stock price climbing to new highs. With continued strong performance, it is likely that the stock price will keep increasing in the future, making it a good time for investors to consider investing in Geodrill Limited. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Geodrill Limited. More…
| Total Revenues | Net Income | Net Margin |
| 134.47 | 18.24 | 13.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Geodrill Limited. More…
| Operations | Investing | Financing |
| 15.51 | -15.28 | 3.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Geodrill Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 148.1 | 44.53 | 2.01 |
Key Ratios Snapshot
Some of the financial key ratios for Geodrill Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.1% | 24.4% | 21.0% |
| FCF Margin | ROE | ROA |
| 0.2% | 17.2% | 11.9% |
VI Analysis – Geodrill Limited Intrinsic Value Calculator
A simple analysis of GEODRILL LIMITED’s current performance can be done using the VI app, which allows quick and easy comparison of the company’s performance against that of its peers. The VI Line indicates that the fair value of GEODRILL LIMITED’s share is around CA$2.5. However, at present, the stock is trading at CA$2.8, indicating a fair price overvaluation of 10%. This implies that investors may want to wait for a lower price before investing in the company. The analysis provided by the VI app provides a quick and easy way to compare the fundamental values of GEODRILL LIMITED against its peers. It also enables investors to identify whether the current market price is higher or lower than the fair value of the stock. In this case, the stock appears to be overvalued by 10%. This may provide an opportunity for investors who are willing to wait for a lower price before entering the market. More…
VI Peers
The company has a strong competitive advantage in the market due to its experienced management team, efficient operations, and strong financial position.
However, the company faces stiff competition from its competitors, Capital Ltd, Mitchell Services Ltd, and Perenti Ltd.
– Capital Ltd ($LSE:CAPD)
Pandora Media, Inc. operates as a music streaming company in the United States. It operates in two segments, Advertising and Subscription. The company offers a music streaming service that allows users to create stations and playlists based on various genres, artists, songs, and comedy. It also provides Pandora Premium, a music streaming service for $9.99 per month that allows users to create playlists, search for and play songs on-demand, and download music for offline listening. Additionally, the company offers various features for its listeners, such as the ability to rate songs and stations; discover new music; and create and share playlists. As of December 31, 2020, it had approximately 100 million monthly active users. Pandora Media, Inc. was founded in 2000 and is headquartered in Oakland, California.
– Mitchell Services Ltd ($ASX:MSV)
Mitchell Services Ltd is a publicly traded company with a market capitalization of 86.73 million as of 2022. The company has a return on equity of 1.36%. Mitchell Services Ltd is engaged in the provision of mining and energy services. The company operates in Australia, the United Kingdom, and the United States. Mitchell Services Ltd was founded in 1963 and is headquartered in Brisbane, Australia.
– Perenti Ltd ($ASX:PRN)
Perenti Ltd is an Australian mining services company with a market cap of 744.13M as of 2022. The company has a Return on Equity of 5.88%. Perenti Ltd is involved in the provision of mining services and equipment to the mining industry. The company has operations in Australia, Africa, and Asia.
Summary
Geodrill Limited has seen a significant increase in its stock price after surpassing its 200-day moving average. This is a positive signal for investors as the stock has reached a new high. Geodrill is a drilling services company focused on mineral exploration and has operations in several African countries.
The company is making further investments to increase efficiency and grow its market share, which is likely to result in higher returns for investors. With the stock price at a new high, investors are likely to be encouraged by the performance and consider Geodrill a good investment opportunity.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
