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AKITA Drilling (TSE:AKT.A) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

AKITA Drilling logo with Energy background

AKITA Drilling Ltd. (TSE:AKT.A - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

AKITA Drilling Price Performance

The company's 50 day moving average is C$1.77 and its 200 day moving average is C$1.69. 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 stock has a market capitalization of C$77.30 million, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of -0.69 and a beta of 1.97.

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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