Akita Drilling (TSE:AKT) Posts Quarterly Earnings Results

Akita Drilling (TSE:AKT) released its quarterly earnings data on Tuesday. The company reported C($0.12) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$46.37 million during the quarter.

Akita Drilling Stock Performance

TSE AKT traded up C$0.14 during trading on Tuesday, reaching C$3.67. 158,203 shares of the company’s stock traded hands, compared to its average volume of 168,916. The company has a market capitalization of C$211.01 million, a price-to-earnings ratio of 52.43 and a beta of -0.15. Akita Drilling has a 12-month low of C$3.30 and a 12-month high of C$4.00.

Akita Drilling Company Profile

AKITA Drilling Ltd. (AKITA) is engaged in providing contract drilling services, primarily to the oil and gas industry. The Company is involved in other forms of drilling, including potash mining and the development of storage caverns. The Company owns and operates approximately 31 drilling rigs in Canada. The Company manages its business through approximately two geographic regions, which include Canada and the United States. The Company specializes in the construction and retrofit of heavy oil pad drilling rigs associated with Steam Assisted Gravity Drainage (SAGD) operations.