AKITA Drilling (TSE:AKT.A) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

AKITA Drilling Ltd. (TSE:AKT.AGet Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.47 and traded as high as C$1.67. AKITA Drilling shares last traded at C$1.63, with a volume of 20,203 shares traded.

AKITA Drilling Price Performance

The business has a fifty day moving average price of C$1.62 and a 200 day moving average price of C$1.47. The company has a market cap of C$62.07 million, a price-to-earnings ratio of 14.82, a PEG ratio of -0.69 and a beta of 1.97. The company has a debt-to-equity ratio of 33.94, a quick ratio of 1.54 and a current ratio of 1.69.

AKITA Drilling Company Profile

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AKITA Drilling Ltd. operates as an oil and gas drilling contractor in Canada and the United States. It is involved in the drilling oil and gas wells, potash exploration and development wells, geothermal wells, disposal wells, and carbon storage wells, as well as wells to be developed into storage caverns for gas.

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