AKITA Drilling Ltd. (TSE:AKT.A)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.75 and traded as low as $0.99. AKITA Drilling shares last traded at $1.06, with a volume of 286,849 shares traded.

The firm has a market cap of $39.47 million and a P/E ratio of -2.35. The company has a current ratio of 1.36, a quick ratio of 1.30 and a debt-to-equity ratio of 34.23. The business’s fifty day simple moving average is C$1.07 and its 200-day simple moving average is C$1.75.

About AKITA Drilling (TSE:AKT.A)

AKITA Drilling Ltd. provides provides contract drilling services in Canada and the United States. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional, directional, horizontal, and underbalanced drilling, as well as provides specialized drilling services.

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