Akita Drilling (TSE:AKT – Get Free Report) passed 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 Trading Down 1.1%
The firm has a market capitalization of C$202.39 million, a price-to-earnings ratio of 50.29 and a beta of -0.18.
Akita Drilling Company Profile
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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