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

AKITA Drilling logo with Energy background

Shares of AKITA Drilling Ltd. (TSE:AKT.A - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.73 and traded as high as C$2.19. AKITA Drilling shares last traded at C$2.17, with a volume of 14,443 shares trading hands.

AKITA Drilling Stock Performance

The firm has a market cap of C$83.40 million, a P/E ratio of 19.91, a PEG ratio of -0.69 and a beta of 1.97. 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 stock's 50-day moving average is C$1.81 and its 200 day moving average is C$1.73.

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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