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Geodrill out of a hole; Major up

Geodrill (CN: GEO) regained some recent lost ground with a 12% bounce in its share price this week. The West Africa-focused driller lost a hefty 30% of its market value from mid-May to June 5 after posting a generally favourable March-quarter report early in May.

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The company had a market capitalisation this week of C$94.8 million (US$70.12 million) after its share price climbed back up to C$2.06 at the Thursday market close in Toronto. It hit $2.28 on May 15.

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