Xtreme Drilling Corp (XDC) Shares Up 5.8%
Xtreme Drilling Corp (TSE:XDC)’s share price shot up 5.8% during trading on Wednesday . The company traded as high as C$2.00 and last traded at C$2.00. 1,630 shares changed hands during trading, a decline of 98% from the average session volume of 77,519 shares. The stock had previously closed at C$1.89.
A number of brokerages have commented on XDC. Seaport Global Securities downgraded shares of Xtreme Drilling Corp from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. National Bank Financial cut their price objective on shares of Xtreme Drilling Corp from C$2.75 to C$2.50 and set a “sector perform” rating for the company in a research report on Friday, August 4th.
The stock’s 50-day moving average price is $1.97 and its 200 day moving average price is $2.16. The company’s market capitalization is $153.88 million.
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About Xtreme Drilling Corp
Xtreme Drilling Corp, formerly Xtreme Drilling and Coil Services Corp, is a Canada-based company engaged in the oil and gas drilling industry. The Company’s segments are Drilling Services, Coil Services and Corporate and Other. The Drilling Services segment operates a fleet of drilling rigs contracted with oil and natural gas exploration, and production companies and oilfield service providers.
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