AKITA Drilling (TSE:AKT.A) Given New C$3.75 Price Target at ATB Capital

AKITA Drilling (TSE:AKT.A) had its price target upped by ATB Capital from C$3.25 to C$3.75 in a research note issued to investors on Wednesday, BayStreet.CA reports.

AKITA Drilling Price Performance

AKT.A stock opened at C$1.35 on Wednesday. The business has a fifty day moving average of C$1.35 and a two-hundred day moving average of C$1.47. 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 stock has a market cap of C$51.41 million, a price-to-earnings ratio of 4.66, a price-to-earnings-growth ratio of -0.69 and a beta of 1.99. 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.