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Capital Drilling ( (GB:CAPD) ) just unveiled an announcement.
Capital Limited announced a letter of intent to expand services at the Reko Diq copper-gold project in Pakistan, signaling a major operational development that will enhance the utilization of its mining fleets. Despite facing challenges in 2024 due to delays in contract ramps, the company showed resilience with a revenue increase of 9.3% to $348 million, though slightly below guidance, and is implementing strategic changes to improve operations and profitability.
More about Capital Drilling
Capital Limited is a leading mining services company, primarily providing drilling and mining services. The company focuses on expanding its offerings in the mining industry, with significant contracts in copper-gold projects and drilling services in various regions.
YTD Price Performance: 2.47%
Average Trading Volume: 146,262
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £162.9M
For an in-depth examination of CAPD stock, go to TipRanks’ Stock Analysis page.
