Essential Energy Services (OTCMKTS:EEYUF) Shares Pass Below 50-Day Moving Average of $0.29

Essential Energy Services Ltd. (OTCMKTS:EEYUFGet Rating) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.29 and traded as low as $0.28. Essential Energy Services shares last traded at $0.28, with a volume of 152,500 shares.

Wall Street Analyst Weigh In

Separately, Raymond James decreased their price target on shares of Essential Energy Services from C$0.60 to C$0.55 in a research note on Tuesday, November 8th.

Essential Energy Services Stock Performance

The stock has a fifty day simple moving average of $0.29 and a 200-day simple moving average of $0.28.

About Essential Energy Services

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Essential Energy Services Ltd., together with its subsidiaries, provides oilfield services to oil and gas exploration and production companies. The company operates in two segments, Essential Coil Well Service (ECWS) and Tryton Tool Services (Tryton). The ECWS segment offers completion, production, and workover services with its fleet of coil tubing rigs, and fluid and nitrogen pumpers, as well as ancillary equipment.

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