Shares of AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Free Report) were down 1.1% on Friday. The company traded as low as $2.65 and last traded at $2.67. Approximately 52,247 shares traded hands during trading, an increase of 49% from the average daily volume of 34,995 shares. The stock had previously closed at $2.70.
AKITA Drilling Stock Performance
The firm’s 50 day simple moving average is $2.73 and its 200-day simple moving average is $2.78.
AKITA Drilling Company Profile
AKITA Drilling Ltd. is a Canadian contract drilling company that provides land-based drilling services to oil and natural gas exploration and production companies. Its services support the drilling and development of wells, primarily in Western Canada and the United States.
The company operates a fleet of drilling rigs and related equipment designed for a range of onshore applications. Its offerings include drilling-rig services, rig moves, equipment support, and other operational services associated with the construction of oil and gas wells.
Founded in 1993 and headquartered in Calgary, Alberta, AKITA Drilling has built its business around serving energy producers in key North American drilling regions.
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