AKITA Drilling (TSE:AKT.A) Trading Down 0.6% – What’s Next?

AKITA Drilling Ltd. (TSE:AKT.AGet Free Report)’s stock price was down 0.6% on Tuesday . The company traded as low as C$1.63 and last traded at C$1.65. Approximately 16,500 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 31,671 shares. The stock had previously closed at C$1.66.

AKITA Drilling Trading Down 0.6 %

The stock has a market cap of C$62.83 million, a PE ratio of 15.00, a PEG ratio of -0.69 and a beta of 1.97. The company’s fifty day moving average is C$1.62 and its 200-day moving average is C$1.46. The company has a debt-to-equity ratio of 33.94, a current ratio of 1.69 and a quick ratio of 1.54.

AKITA Drilling Company Profile

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AKITA Drilling Ltd. operates as an oil and gas drilling contractor in Canada and the United States. It is involved in the drilling oil and gas wells, potash exploration and development wells, geothermal wells, disposal wells, and carbon storage wells, as well as wells to be developed into storage caverns for gas.

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