Geodrill Ownership
| GEO Stock | CAD 3.23 0.07 2.22% |
Shares in Circulation | First Issued 2010-03-31 | Previous Quarter 47.4 M | Current Value 47.4 M | Avarage Shares Outstanding 43.9 M | Quarterly Volatility 3.7 M |
Geodrill |
Geodrill Stock Ownership Analysis
About 41.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.88. Some equities with similar Price to Book (P/B) outperform the market in the long run. Geodrill Limited has Price/Earnings To Growth (PEG) ratio of 0.12. The entity last dividend was issued on the 17th of March 2023. The firm had 3:2 split on the 25th of April 2017. Geodrill Limited, together with its subsidiaries, provides exploration and development drilling services to various mining companies with exploration, development, and production operations in West Africa and the African copper belt. Geodrill Limited was founded in 1998 and is headquartered in Douglas, Isle of Man. GEODRILL operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 34 people. To learn more about Geodrill Limited call LEEDAP FAIA at 44 1624 676 585 or check out https://www.geodrill-gh.com.Geodrill Outstanding Bonds
Geodrill issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Geodrill Limited uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Geodrill bonds can be classified according to their maturity, which is the date when Geodrill Limited has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Pair Trading with Geodrill
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Geodrill position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Geodrill will appreciate offsetting losses from the drop in the long position's value.Moving together with Geodrill Stock
Moving against Geodrill Stock
| 0.81 | FDY | Faraday Copper Corp | PairCorr |
| 0.76 | IE | Ivanhoe Energy | PairCorr |
| 0.65 | UNH | UnitedHealth Group CDR | PairCorr |
| 0.58 | INFM | Infinico Metals Corp | PairCorr |
| 0.46 | AG | First Majestic Silver | PairCorr |
The ability to find closely correlated positions to Geodrill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Geodrill when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Geodrill - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Geodrill Limited to buy it.
The correlation of Geodrill is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Geodrill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Geodrill Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Geodrill can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Geodrill Stock
Geodrill financial ratios help investors to determine whether Geodrill Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Geodrill with respect to the benefits of owning Geodrill security.