Capital Drilling (LON:CAPD) Share Price Passes Below 200-Day Moving Average of $0.00

Capital Drilling Ltd (LON:CAPD) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $53.65. Capital Drilling shares last traded at $57.70, with a volume of 16,573 shares.

Separately, Peel Hunt assumed coverage on shares of Capital Drilling in a report on Thursday, April 25th. They set a “buy” rating and a GBX 76 ($0.99) price target for the company.

The firm has a market capitalization of $75.62 million and a PE ratio of 9.74. The company has a quick ratio of 1.91, a current ratio of 3.04 and a debt-to-equity ratio of 11.92. The business’s fifty day moving average price is GBX 51.91 and its 200 day moving average price is GBX 48.82.

About Capital Drilling (LON:CAPD)

Capital Drilling Limited, together with its subsidiaries, provides exploration and production drilling solutions to customers in the minerals industry. Its exploration drilling services include air core, deep hole diamond, diamond core, directional, reverse circulation, and underground diamond drilling; and grade control drilling services comprise advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling.

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