High Arctic Energy Services (TSE:HWO) Stock Passes Below 200 Day Moving Average – Should You Sell?

High Arctic Energy Services Inc (TSE:HWOGet Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.16 and traded as low as C$1.13. High Arctic Energy Services shares last traded at C$1.13, with a volume of 1,300 shares.

High Arctic Energy Services Stock Performance

The business has a 50-day moving average of C$1.14 and a 200 day moving average of C$1.16. The company has a debt-to-equity ratio of 66.52, a current ratio of 1.92 and a quick ratio of 4.54. The company has a market cap of C$13.88 million, a PE ratio of -1.11 and a beta of 1.59.

High Arctic Energy Services Company Profile

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High Arctic Energy Services Inc, an oilfield services company, provides oilfield services to exploration and production companies in Canada and Papua New Guinea. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers drilling services, including provision of drilling personnel; well servicing and snubbing services; and hydraulic workover units.

Further Reading

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