AKITA Drilling (TSE:AKT.A) Share Price Passes Below 200-Day Moving Average of $1.59

AKITA Drilling Ltd. (TSE:AKT.AGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.59 and traded as low as C$1.48. AKITA Drilling shares last traded at C$1.51, with a volume of 26,100 shares trading hands.

Wall Street Analyst Weigh In

Separately, ATB Capital upped their price target on shares of AKITA Drilling from C$3.25 to C$3.30 and gave the stock an “outperform” rating in a report on Monday, February 5th.

Check Out Our Latest Stock Analysis on AKT.A

AKITA Drilling Trading Up 2.0 %

The company has a debt-to-equity ratio of 51.10, a current ratio of 2.32 and a quick ratio of 1.54. The stock has a market cap of C$57.38 million, a price-to-earnings ratio of 2.13, a P/E/G ratio of -0.69 and a beta of 2.01. The company’s fifty day moving average price is C$1.42 and its 200-day moving average price is C$1.59.

About AKITA Drilling

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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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