Xtreme Drilling (TSE:XDC) Shares Down 5.9% – Here’s Why

Xtreme Drilling Corp. (TSE:XDCGet Free Report) shares dropped 5.9% on Monday . The company traded as low as C$1.90 and last traded at C$1.90. Approximately 24,700 shares changed hands during trading, a decline of 5% from the average daily volume of 26,004 shares. The stock had previously closed at C$2.02.

Xtreme Drilling Price Performance

The company’s 50-day moving average price is C$1.90. The firm has a market cap of C$142.47 million and a price-to-earnings ratio of -2.18. The company has a quick ratio of 0.73, a current ratio of 1.23 and a debt-to-equity ratio of 11.91.

About Xtreme Drilling

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Xtreme Drilling Corp., together with its subsidiaries, provides onshore drilling services in the United States. It designs, assembles, and operates a fleet of onshore drilling rigs that features proprietary technology, including modular transportation systems and continuous integration of in-house advances in methodologies.

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