National Bank Maintains a Hold Rating on Xtreme Drilling (XDC)

By Carrie Williams

Xtreme Drilling (TSX: XDC), the Materials sector company, has received a rating update from a Wall Street analyst on September 12. Analyst Greg Colman from National Bank rated Xtreme Drilling (TSX: XDC) a Hold on September 12.

The word on The Street in general, suggests a Hold analyst consensus rating for Xtreme Drilling.

The company has a one-year high of C$2.40 and a one-year low of C$1.82. Currently, Xtreme Drilling has an average volume of 15.57K.

Xtreme Drilling Corp. engages in the provision of onshore drilling services in United States. Its activities include design, building, owning, and operation of a fleet of proprietary, high specification drilling rigs. The company was founded by Thomas D. Wood, Randolph M. Charron, and Kyle W. Swingle on May 24, 2005 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at C$1.90, close to its 52-week low of C$1.82.