High Arctic Energy Services (TSE:HWO) Share Price Crosses Below 200 Day Moving Average of $1.62

High Arctic Energy Services Inc (TSE:HWOGet Rating)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.62 and traded as low as C$1.45. High Arctic Energy Services shares last traded at C$1.45, with a volume of 5,820 shares.

High Arctic Energy Services Stock Down 0.7 %

The company has a debt-to-equity ratio of 6.69, a current ratio of 1.79 and a quick ratio of 1.30. The stock has a market capitalization of C$70.66 million and a P/E ratio of -4.39. The firm has a 50 day moving average of C$1.46 and a 200-day moving average of C$1.62.

High Arctic Energy Services Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, September 14th will be paid a dividend of $0.005 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.06 annualized dividend and a yield of 4.14%. High Arctic Energy Services’s dividend payout ratio is -4.55%.

About High Arctic Energy Services

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High Arctic Energy Services Inc, an oilfield services company, provides oilfield services to exploration and production companies in Canada and Papua New Guinea. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers snubbing services, including foothills standalone snubbing system for completions and workovers; hydraulic workover units, such as a patented L-Frame equipment configuration; rig assist snubbing unit, a truck-mounted hydraulic system to manage underbalanced wellbore conditions; and power tower to install a snubbing unit and blowout preventers in one lift.

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