Capital Drilling (LON:CAPD) Share Price Crosses Above 50 Day Moving Average of $67.44

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Capital Drilling Ltd (LON:CAPD)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $67.44 and traded as high as $71.65. Capital Drilling shares last traded at $66.10, with a volume of 62,322 shares changing hands.

A number of brokerages recently weighed in on CAPD. Peel Hunt reissued a “buy” rating and issued a GBX 84 ($1.10) price target on shares of Capital Drilling in a report on Friday, November 22nd. Peel Hunt raised their price target on shares of Capital Drilling from GBX 76 ($0.99) to GBX 84 ($1.10) and gave the company a “buy” rating in a report on Friday, November 22nd.

The company has a quick ratio of 1.79, a current ratio of 3.07 and a debt-to-equity ratio of 9.50. The firm has a market cap of $90.06 million and a price-to-earnings ratio of 8.93. The business’s fifty day moving average is GBX 67.44 and its two-hundred day moving average is GBX 56.99.

In other Capital Drilling news, insider David Abery acquired 83,333 shares of Capital Drilling stock in a transaction on Wednesday, October 16th. The shares were purchased at an average cost of GBX 60 ($0.78) per share, with a total value of £49,999.80 ($65,333.59).

Capital Drilling Company Profile (LON:CAPD)

Capital Drilling Limited, together with its subsidiaries, provides exploration and production drilling solutions to customers in the minerals industry. Its exploration drilling services include air core, deep hole diamond, diamond core, directional, reverse circulation, and underground diamond drilling; and grade control drilling services comprise advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling.

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