ACT Energy Technologies Ltd. (ACX.TO)
ACT Energy Technologies Ltd. operates in the Oil & Gas Drilling industry of the Energy sector, headquartered in Calgary, AB, CA. The stock last traded at $6.55, up 3.15% on the session, giving a market capitalisation of $253.1M. Its beta of 1.26 implies it has historically moved more than the broad market.
Operating across Canada and the United States, ACT Energy Technologies Ltd., along with its subsidiaries, delivers specialized directional drilling services primarily to oil and natural gas enterprises. Its comprehensive suite of services encompasses remote directional and measurement-while-drilling (MWD) solutions, automated gamma logging, drilling optimization, and both well planning and rotary steerable services. Furthermore, the company supplies essential drilling equipment, including mud motors, MWD technology, advanced rotary steerable systems, and various downhole components. ACT Energy also operates real-time operations centers, offering continuous monitoring, collaborative support, and optimization. Complementing these, it provides equipment rental, training, and critical maintenance and repair services. Founded in 1998 and headquartered in Calgary, Canada, the company recently rebranded in July 2024, changing its name from Cathedral Energy Services Ltd. to ACT Energy Technologies Ltd.
ACT Energy Technologies Ltd. is most often compared with the following Energy names: