High Arctic Energy Services (TSE:HWO) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

High Arctic Energy Services Inc (TSE:HWO)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.85 and traded as high as C$0.89. High Arctic Energy Services shares last traded at C$0.84, with a volume of 13,000 shares changing hands.

High Arctic Energy Services Stock Performance

The company has a market capitalization of C$10.67 million, a PE ratio of -28.00 and a beta of 0.03. 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 fifty day moving average is C$0.86 and its two-hundred day moving average is C$0.85.

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

High Arctic Energy Services Company Profile

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.