Akita Drilling (TSE:AKT) Issues Earnings Results

Akita Drilling (TSE:AKT) released its quarterly earnings data on Tuesday. The company reported C($0.12) earnings per share for the quarter, FiscalAI reports. The business had revenue of C$46.37 million during the quarter.

Akita Drilling Price Performance

AKT stock opened at C$3.67 on Wednesday. Akita Drilling has a fifty-two week low of C$3.30 and a fifty-two week high of C$4.00. The company has a market capitalization of C$211.01 million, a P/E ratio of 52.43 and a beta of -0.15.

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.