Geo-Jade Petroleum Hits Day High with 9.94% Surge in Stock Price

Geo-Jade Petroleum Corp. has experienced significant activity today, with the stock rising by 9.94% and reaching an intraday high of CNY 5.97. This performance stands in stark contrast to the China Shanghai Composite, which has declined by 1.26% on the same day. Over the past week, Geo-Jade has shown a robust increase of 20.85%, and its one-month performance reflects a notable gain of 35.68%. In the longer term, Geo-Jade Petroleum has demonstrated impressive growth, with a remarkable 180.28% increase over the past year and a substantial 91.35% rise year-to-date. The company, classified as a large-cap entity with a market capitalization of CNY 11,155 million, has a price-to-earnings ratio of 20.00 and a price-to-book ratio of 1.27. Despite these positive short-term trends, the company faces challenges, including a low return on capital employed of 7.29% and a return on equity of 5.05%. Additionally, the company has reported negative earnings per share and declining net profit in recent quarters, indicating underlying financial pressures.