AKITA Drilling (TSE:AKT.A) Cut to Sector Perform at ATB Capital

ATB Capital cut shares of AKITA Drilling (TSE:AKT.A) from an outperform rating to a sector perform rating in a research report released on Tuesday,BayStreet.CA reports. They currently have C$2.50 price objective on the stock, down from their prior price objective of C$3.00.

AKITA Drilling Price Performance

Shares of TSE:AKT.A opened at C$1.90 on Tuesday. The firm has a market capitalization of C$75.49 million, a PE ratio of 3.52, a P/E/G ratio of -0.69 and a beta of 1.25. The company has a quick ratio of 1.54, a current ratio of 1.69 and a debt-to-equity ratio of 33.94. The company has a 50-day moving average price of C$2.06 and a two-hundred day moving average price of C$2.07. AKITA Drilling has a twelve month low of C$1.38 and a twelve month high of C$2.46.

About AKITA Drilling

Akita Drilling Ltd is a Canadian oil and gas drilling contractor. The company is engaged in providing contract drilling services, primarily to the oil and gas industry. The company owns and operates over 30 drilling rigs It is also involved in the drilling related to potash mining and the development of storage caverns.