Pioneer Energy Services (OTCMKTS:PESXQ) Shares Cross Above 200-Day Moving Average – Here’s Why

Pioneer Energy Services Corp. (OTCMKTS:PESXQ) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.03 and traded as high as $0.0330. Pioneer Energy Services shares last traded at $0.0266, with a volume of 464,700 shares trading hands.

Pioneer Energy Services Stock Up 5.6%

The company’s fifty day simple moving average is $0.03 and its 200-day simple moving average is $0.03.

About Pioneer Energy Services

Pioneer Energy Services is an oilfield services company headquartered in Calgary, Alberta, offering a full suite of contract drilling and wellsite rental solutions to exploration and production companies. The firm’s drilling segment operates a fleet of mechanical, hydraulic and workover rigs designed for a variety of drilling environments, including vertical, horizontal and extended-reach applications. Pioneer’s drilling teams leverage advanced technologies and operational best practices to optimize wellbore placement and drilling efficiency for its customers.

Complementing its drilling operations, Pioneer’s rental business provides equipment and personnel for downhole intervention and completion support.