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

AKITA Drilling Ltd. (TSE:AKT.A) Senior Officer Colin Dease purchased 10,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average cost of C$1.40 per share, with a total value of C$14,000.00.

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

• On Friday, August 2nd, Colin Dease bought 10,000 shares of AKITA Drilling stock. The stock was purchased at an average price of C$1.37 per share, with a total value of C$13,700.00.
• On Wednesday, July 31st, Colin Dease purchased 15,000 shares of AKITA Drilling stock. The shares were purchased at an average cost of C$1.46 per share, for a total transaction of C$21,900.00.

AKITA Drilling Stock Performance

AKT.A stock opened at C$1.41 on Friday. The business has a 50 day moving average of C$1.37 and a 200-day moving average of C$1.46. The firm has a market cap of C$53.50 million, a PE ratio of 12.77, a P/E/G ratio of -0.69 and a beta of 1.96. AKITA Drilling Ltd. has a 12-month low of C$1.27 and a 12-month high of C$1.99. The company has a quick ratio of 1.54, a current ratio of 1.69 and a debt-to-equity ratio of 33.94.

Analyst Upgrades and Downgrades

Separately, ATB Capital upped their price objective 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.