Xtreme Drilling Corp (XDC) Trading Down 4.1%

Xtreme Drilling Corp (TSE:XDC) shares dropped 4.1% on Wednesday . The company traded as low as C$2.10 and last traded at C$2.11. Approximately 1,600 shares were traded during trading, a decline of 97% from the average daily volume of 46,997 shares. The stock had previously closed at C$2.20.

XDC has been the topic of a number of recent analyst reports. Seaport Global Securities lowered shares of Xtreme Drilling Corp from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. National Bank Financial dropped their price target on shares of Xtreme Drilling Corp from C$2.75 to C$2.50 and set a “sector perform” rating on the stock in a research report on Friday, August 4th.

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About Xtreme Drilling Corp

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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