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AKITA Drilling (TSE:AKT.A) Stock Price Passes 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 crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.67 and traded as high as C$1.78. AKITA Drilling shares last traded at C$1.75, with a volume of 29,415 shares changing hands.

AKITA Drilling Trading Down 0.6%

The stock's fifty day simple moving average is C$1.73 and its 200 day simple moving average is C$1.68. The firm has a market capitalization of C$67.02 million, a PE ratio of 16.00, a PEG ratio of -0.69 and a beta of 1.97. The company has a quick ratio of 1.54, a current ratio of 1.69 and a debt-to-equity ratio of 33.94.

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.

Further Reading

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