AKITA Drilling (TSE:AKT.A) PT Raised to C$3.30

AKITA Drilling (TSE:AKT.AGet Free Report) had its target price raised by analysts at ATB Capital from C$3.25 to C$3.30 in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s price target points to a potential upside of 121.48% from the stock’s current price.

AKITA Drilling Price Performance

AKT.A opened at C$1.49 on Monday. The company has a debt-to-equity ratio of 51.10, a quick ratio of 1.54 and a current ratio of 2.32. The stock has a market capitalization of C$56.62 million, a P/E ratio of 2.10, a P/E/G ratio of -0.69 and a beta of 2.01. The company’s 50-day simple moving average is C$1.41 and its two-hundred day simple moving average is C$1.59. AKITA Drilling has a 52-week low of C$1.08 and a 52-week high of C$2.00.

AKITA Drilling Company Profile

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AKITA Drilling Ltd. provides provides contract drilling services in Canada and the United States. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional, directional, horizontal, and underbalanced drilling, as well as provides specialized drilling services.

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