TSX:AKTEnergy Services
AKITA Drilling (TSX:AKT) Stock Faces Deeper Losses As Profitability Slides
AKITA Drilling stock closed at about CA$3.50 on Wednesday, with recent returns under pressure, yet the real story sits in the fresh Q2 numbers. The company swung deeper into loss territory with basic earnings per share of a CA$0.15 loss and net income from ongoing operations also in the red. For a contract driller where cash generation and balance sheet resilience matter as much as day rate headlines, this earnings season now focuses on whether the long term revenue growth narrative and...