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AKITA Drilling (TSE:AKT.A) Stock Crosses Above 200 Day Moving Average - What's Next?

AKITA Drilling logo with Energy background

AKITA Drilling Ltd. (TSE:AKT.A - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.69 and traded as high as C$1.97. AKITA Drilling shares last traded at C$1.97, with a volume of 32,487 shares traded.

AKITA Drilling Stock Performance

The company has a fifty day moving average price of C$1.77 and a two-hundred day moving average price of C$1.69. The firm has a market cap of C$73.88 million, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of -0.69 and a beta of 1.97. The company has a debt-to-equity ratio of 33.94, a current ratio of 1.69 and a quick ratio of 1.54.

AKITA Drilling Company Profile

(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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