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AKITA Drilling (TSE:AKT.A) Share Price Passes Above 200-Day Moving Average - Time to Sell?

AKITA Drilling logo with Energy background

AKITA Drilling Ltd. (TSE:AKT.A - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.71 and traded as high as C$2.13. AKITA Drilling shares last traded at C$2.08, with a volume of 15,803 shares changing hands.

AKITA Drilling Price Performance

The business's fifty day moving average price is C$1.79 and its 200-day moving average price is C$1.71. The company has a current ratio of 1.69, a quick ratio of 1.54 and a debt-to-equity ratio of 33.94. The company has a market capitalization of C$80.73 million, a P/E ratio of 19.27, a P/E/G ratio of -0.69 and a beta of 1.97.

About AKITA Drilling

(Get Free Report)

Akita Drilling Ltd is a Canadian oil and gas drilling contractor. The company is engaged in providing contract drilling services, primarily to the oil and gas industry. The company owns and operates over 30 drilling rigs It is also involved in the drilling related to potash mining and the development of storage caverns.

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