CWC Energy Services (CVE:CWC) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of CWC Energy Services Corp. (CVE:CWCGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.16 and traded as low as C$0.16. CWC Energy Services shares last traded at C$0.16, with a volume of 41,277 shares trading hands.

CWC Energy Services Stock Down 5.9%

The business has a fifty day moving average price of C$0.16 and a two-hundred day moving average price of C$0.16. The company has a debt-to-equity ratio of 20.44, a current ratio of 3.36 and a quick ratio of 3.31. The firm has a market capitalization of C$82.81 million, a price-to-earnings ratio of 1.96 and a beta of 1.78.

About CWC Energy Services

(Get Free Report)

CWC Energy Services Corp., operates as 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 related equipment and services.

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