AKITA Drilling Ltd. (TSE:AKT.A) Senior Officer Colin Dease Acquires 10,000 Shares

AKITA Drilling Ltd. (TSE:AKT.A) Senior Officer Colin Dease bought 10,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of C$1.37 per share, with a total value of C$13,700.00.

Colin Dease also recently made the following trade(s):

• On Wednesday, July 31st, Colin Dease acquired 15,000 shares of AKITA Drilling stock. The shares were purchased at an average cost of C$1.46 per share, with a total value of C$21,900.00.

AKITA Drilling Trading Up 4.1 %

Shares of AKT.A opened at C$1.41 on Wednesday. The company has a debt-to-equity ratio of 44.24, a quick ratio of 1.54 and a current ratio of 2.48. AKITA Drilling Ltd. has a 52-week low of C$1.27 and a 52-week high of C$1.99. The firm has a market cap of C$53.50 million, a price-to-earnings ratio of 4.86, a PEG ratio of -0.69 and a beta of 1.99. The business’s fifty day moving average is C$1.35 and its 200-day moving average is C$1.47.

Analyst Ratings Changes

Separately, ATB Capital boosted their target price on shares of AKITA Drilling from C$3.25 to C$3.75 in a research report on Wednesday, July 31st.

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.