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

Capital Drilling Ltd (LON:CAPD)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-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.

Several equities analysts recently weighed in on CAPD shares. Peel Hunt reaffirmed a “buy” rating and issued a GBX 84 ($1.10) price objective on shares of Capital Drilling in a research note on Friday, November 22nd. Peel Hunt lifted their price objective on Capital Drilling from GBX 76 ($0.99) to GBX 84 ($1.10) and gave the stock a “buy” rating in a report on Friday, November 22nd.

The stock has a market capitalization of $90.06 million and a PE ratio of 8.93. The company has a debt-to-equity ratio of 9.50, a quick ratio of 1.79 and a current ratio of 3.07. The company’s fifty day simple moving average is GBX 67.83 and its two-hundred day simple moving average is GBX 57.46.

In other news, insider David Abery bought 83,333 shares of the stock in a transaction on Wednesday, October 16th. The stock was bought at an average cost of GBX 60 ($0.78) per share, for a total transaction of £49,999.80 ($65,333.59).

About Capital Drilling (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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