AKITA Drilling (TSE:AKT.A) Stock Price Passes Below 200 Day Moving Average of $1.51

AKITA Drilling Ltd. (TSE:AKT.A)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.51 and traded as low as C$1.49. AKITA Drilling shares last traded at C$1.49, with a volume of 1,403 shares.

Wall Street Analyst Weigh In

Separately, ATB Capital lowered their price target on shares of AKITA Drilling from C$3.30 to C$2.80 in a report on Friday, March 22nd.

AKITA Drilling Price Performance

The business’s fifty day simple moving average is C$1.58 and its 200-day simple moving average is C$1.51. The company has a current ratio of 1.85, a quick ratio of 1.54 and a debt-to-equity ratio of 45.15. The firm has a market cap of C$55.57 million, a P/E ratio of 2.06, a PEG ratio of -0.69 and a beta of 1.99.

AKITA Drilling Company Profile

AKITA Drilling Ltd. provides provides contract drilling services in Canada and the United States. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional, directional, horizontal, and underbalanced drilling, as well as provides specialized drilling services.