High Arctic Energy Services (TSE:HWO) Shares Cross Below 200-Day Moving Average – Here’s What Happened

High Arctic Energy Services Inc (TSE:HWO) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.85 and traded as low as C$0.84. High Arctic Energy Services shares last traded at C$0.84, with a volume of 14,019 shares.

High Arctic Energy Services Trading Down 1.2%

The company has a market capitalization of C$10.67 million, a price-to-earnings ratio of -28.00 and a beta of 0.01. The company has a current ratio of 2.43, a quick ratio of 4.54 and a debt-to-equity ratio of 20.71. The business’s 50 day moving average price is C$0.85 and its two-hundred day moving average price is C$0.85.

High Arctic Energy Services (TSE:HWO) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.07 EPS for the quarter. The business had revenue of C$2.93 million during the quarter. High Arctic Energy Services had a net margin of 77.07% and a return on equity of 43.70%. On average, equities analysts predict that High Arctic Energy Services Inc will post -0.01 earnings per share for the current fiscal year.

About High Arctic Energy Services

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are Drilling Services segment which consists of the drilling services; Production Services segment which consists of the well servicing and snubbing services; Ancillary Services segment which provides rental equipment and engineering consulting to various companies within the oil and gas sector and Corporate segment.