Shares of AKITA Drilling Ltd. (TSE:AKT.A – Get Free Report) crossed 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.
Analysts Set New Price Targets
Separately, ATB Capital reduced their target price on shares of AKITA Drilling from C$3.30 to C$2.80 in a report on Friday, March 22nd.
View Our Latest Analysis on AKT.A
AKITA Drilling Stock Performance
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.
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