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AKITA Drilling (TSE:AKT.A) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

AKITA Drilling logo with Energy background

AKITA Drilling Ltd. (TSE:AKT.A - Get Free Report)'s stock price passed 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 trading hands.

AKITA Drilling Stock Down 0.6%

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

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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