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AKITA Drilling (TSE:AKT.A) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

AKITA Drilling logo with Energy background

AKITA Drilling Ltd. (TSE:AKT.A - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.67 and traded as low as C$1.65. AKITA Drilling shares last traded at C$1.68, with a volume of 14,615 shares.

AKITA Drilling Trading Up 0.6 %

The company has a debt-to-equity ratio of 33.94, a quick ratio of 1.54 and a current ratio of 1.69. The business has a fifty day simple moving average of C$1.71 and a 200 day simple moving average of C$1.67. The company has a market cap of C$64.74 million, a P/E ratio of 15.45, 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.

Further Reading

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