Shares of Pason Systems Inc. (OTCMKTS:PSYTF – Get Free Report) dropped 5.8% on Friday . The stock traded as low as $8.23 and last traded at $8.24. Approximately 744 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 24,456 shares. The stock had previously closed at $8.75.
Pason Systems Trading Down 5.8%
The company has a 50-day moving average of $8.63 and a 200 day moving average of $8.69.
Pason Systems Company Profile
Pason Systems Inc is a Calgary-based provider of data management, automation and software solutions for drilling operations in the oil and gas industry. Since its founding in 1975, the company has developed a suite of instrumentation and data analytics products designed to enhance the safety, efficiency and performance of drilling rigs. Pason’s core offering includes real-time data acquisition systems that collect and transmit drilling parameters such as rate of penetration, torque, hookload and mud flow, enabling operators to make informed decisions on the rig floor and in remote monitoring centers.
The company’s technology platform integrates hardware, software and communications services to deliver comprehensive wellsite data management.
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