Shares of Akita Drilling (TSE:AKT – Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.00 and traded as high as C$3.62. Akita Drilling shares last traded at C$3.52, with a volume of 64,396 shares traded.
Akita Drilling Stock Performance
The firm has a market cap of C$202.39 million, a PE ratio of 50.29 and a beta of -0.18.
About Akita Drilling
AKITA Drilling Ltd. (AKITA) is engaged in providing contract drilling services, primarily to the oil and gas industry. The Company is involved in other forms of drilling, including potash mining and the development of storage caverns. The Company owns and operates approximately 31 drilling rigs in Canada. The Company manages its business through approximately two geographic regions, which include Canada and the United States. The Company specializes in the construction and retrofit of heavy oil pad drilling rigs associated with Steam Assisted Gravity Drainage (SAGD) operations.
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