AKITA Drilling (TSE:AKT.A) Shares Pass Below Two Hundred Day Moving Average of $1.51

AKITA Drilling Ltd. (TSE:AKT.A) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

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

AKITA Drilling Trading Down 0.7 %

The company’s fifty day moving average price is C$1.58 and its two-hundred day moving average price 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$56.71 million, a P/E ratio of 2.10, a price-to-earnings-growth ratio of -0.69 and a beta of 1.99.

About AKITA Drilling

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.