High Arctic Energy Services (TSE:HWO) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

High Arctic Energy Services Inc (TSE:HWO)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.84 and traded as high as C$0.87. High Arctic Energy Services shares last traded at C$0.87, with a volume of 3,002 shares trading hands.

High Arctic Energy Services Trading Up 2.4%

The company has a market cap of C$11.05 million, a P/E ratio of -29.00 and a beta of 0.03. The business has a fifty day simple moving average of C$0.85 and a 200 day simple moving average of C$0.84. The company has a debt-to-equity ratio of 20.71, a quick ratio of 4.54 and a current ratio of 2.43.

High Arctic Energy Services (TSE:HWO) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.07 earnings per share 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 during the quarter. Analysts anticipate 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.