CWC Energy Services (CVE:CWC) Share Price Passes Below 200 Day Moving Average – Here’s Why

CWC Energy Services Corp. (CVE:CWC) passed below its 200-day moving average during trading on Tuesday . 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 traded.

CWC Energy Services Stock Performance

The company has a debt-to-equity ratio of 20.44, a quick ratio of 3.31 and a current ratio of 3.36. The stock’s 50 day moving average price is C$0.16 and its 200 day moving average price is C$0.16. The company has a market capitalization of C$82.81 million, a P/E ratio of 1.96 and a beta of 1.78.

About CWC Energy Services

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. The company operates through a fleet of 143 service rigs; 75 single, 55 double, and 14 slant rigs; 13 electric triple drilling rigs with depth ratings from 3,600 to 7,600 meters; and 9 telescopic double drilling rigs with depth ratings from 3,200 to 5,000 meters.