CWC Energy Services (CVE:CWC) Shares Cross Below 200 Day Moving Average of $0.23

CWC Energy Services Corp. (CVE:CWC – Get Rating)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.23 and traded as low as C$0.23. CWC Energy Services shares last traded at C$0.23, with a volume of 500 shares trading hands.

CWC Energy Services Price Performance

The business has a fifty day moving average of C$0.23 and a 200-day moving average of C$0.23. The company has a current ratio of 3.35, a quick ratio of 3.31 and a debt-to-equity ratio of 28.30. The firm has a market cap of C$115.29 million and a PE ratio of 5.63.

CWC Energy Services (CVE:CWC – Get Rating) last announced its quarterly earnings results on Friday, October 28th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$61.78 million for the quarter. As a group, research analysts predict that CWC Energy Services Corp. will post -0.0095745 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Daryl George Austin sold 267,000 shares of the business’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of C$0.24, for a total transaction of C$64,080.00. Following the completion of the transaction, the director now directly owns 21,515,843 shares in the company, valued at approximately C$5,163,802.32. In other news, Senior Officer Stuart James King sold 148,500 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of C$0.29, for a total transaction of C$42,322.50. Following the completion of the transaction, the insider now owns 101,847 shares of the company’s stock, valued at C$29,026.40. Also, Director Daryl George Austin sold 267,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of C$0.24, for a total transaction of C$64,080.00. Following the completion of the sale, the director now directly owns 21,515,843 shares in the company, valued at C$5,163,802.32. Insiders have sold 914,000 shares of company stock worth $229,833 in the last three months.

About CWC Energy Services

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CWC Energy Services Corp., a contract drilling and well servicing company, provides oilfield services to oil and gas exploration and production companies in Canada and the United States. The company operates through two segments, Contract Drilling and Production Services. It also provides completion, maintenance, workover, and well decommissioning services; and equipment and related services.