Xtreme Drilling Corp. (TSE:XDC) shares rose 5.4% during mid-day trading on Thursday . The stock traded as high as C$2.23 and last traded at C$2.11. Approximately 25,500 shares changed hands during trading, a decline of 70% from the average daily volume of 85,897 shares. The stock had previously closed at C$2.23.

XDC has been the subject of several analyst reports. Seaport Global Securities restated a “neutral” rating on shares of Xtreme Drilling in a report on Tuesday, August 8th. National Bank Financial raised their price target on shares of Xtreme Drilling from C$2.50 to C$2.75 and gave the stock a “sector perform” rating in a report on Tuesday, October 3rd.

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About Xtreme Drilling

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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