AKITA Drilling (TSE:AKT.A) Stock Passes Below Two Hundred Day Moving Average of $1.67

AKITA Drilling Ltd. (TSE:AKT.A – Get Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.67 and traded as low as C$1.37. AKITA Drilling shares last traded at C$1.48, with a volume of 20,531 shares changing hands.

AKITA Drilling Price Performance

The company has a debt-to-equity ratio of 75.15, a quick ratio of 1.54 and a current ratio of 1.61. The business’s 50 day simple moving average is C$1.74 and its 200-day simple moving average is C$1.67. The stock has a market capitalization of C$56.24 million, a price-to-earnings ratio of -6.73, a price-to-earnings-growth ratio of -0.69 and a beta of 1.84.

AKITA Drilling Company Profile

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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.