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

AKITA Drilling logo with Energy background

Key Points

  • AKITA Drilling's stock price has surpassed its 200-day moving average of C$1.96, reaching a high of C$2.00 during trading.
  • The company's market capitalization stands at C$78.28 million with a P/E ratio of 3.65, indicating potential value in its stock.
  • AKITA Drilling operates over 30 drilling rigs and primarily serves the oil and gas industry, expanding into potash mining and storage development.
  • Five stocks to consider instead of AKITA Drilling.

AKITA Drilling Ltd. (TSE:AKT.A - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.96 and traded as high as C$2.00. AKITA Drilling shares last traded at C$1.97, with a volume of 167,127 shares traded.

AKITA Drilling Trading Up 2.1%

The company has a debt-to-equity ratio of 33.94, a current ratio of 1.69 and a quick ratio of 1.54. The stock's 50-day moving average is C$2.08 and its two-hundred day moving average is C$1.97. The stock has a market cap of C$78.28 million, a P/E ratio of 3.65, a price-to-earnings-growth ratio of -0.69 and a beta of 1.96.

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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