Calfrac Well Services (OTCMKTS:CFWFF) Trading Down 1.1% – Here’s Why

Shares of Calfrac Well Services Ltd. (OTCMKTS:CFWFFGet Free Report) were down 1.1% on Thursday . The stock traded as low as $2.82 and last traded at $2.82. Approximately 4,400 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 4,647 shares. The stock had previously closed at $2.85.

Calfrac Well Services Price Performance

The stock’s 50 day simple moving average is $2.91 and its two-hundred day simple moving average is $3.03.

About Calfrac Well Services

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Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.

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