Shares of Xtreme Drilling Corp (TSE:XDC) shot up 1.4% during trading on Wednesday . The company traded as high as C$2.20 and last traded at C$2.12. 6,668 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 83,044 shares. The stock had previously closed at C$2.15.

Separately, National Bank Financial raised their price objective on shares of Xtreme Drilling from C$2.50 to C$2.75 and gave the stock a “sector perform” rating in a report on Tuesday, October 3rd.

The firm has a market capitalization of $158.96, a PE ratio of -1.45 and a beta of 2.00.

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About Xtreme Drilling

Xtreme Drilling Corp, formerly Xtreme Drilling and Coil Services Corp, is a Canada-based company engaged in the oil and gas drilling industry. The Company’s segments are Drilling Services, Coil Services and Corporate and Other. The Drilling Services segment operates a fleet of drilling rigs contracted with oil and natural gas exploration, and production companies and oilfield service providers.

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