AKITA Drilling (TSE:AKT.A) Price Target Raised to C$3.75

AKITA Drilling (TSE:AKT.A) had its target price lifted by ATB Capital from C$3.25 to C$3.75 in a research report released on Wednesday morning, BayStreet.CA reports.

AKITA Drilling Price Performance

Shares of AKITA Drilling stock opened at C$1.35 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 2.48 and a debt-to-equity ratio of 44.24. The company has a market cap of C$51.41 million, a PE ratio of 4.66, a P/E/G ratio of -0.69 and a beta of 1.99. The business has a 50 day moving average of C$1.35 and a 200 day moving average of C$1.47. AKITA Drilling has a 52 week low of C$1.27 and a 52 week high of C$1.99.

About AKITA Drilling

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.