High Arctic Energy Services (TSE:HWO) Reaches New 12-Month Low – Here’s Why

Shares of High Arctic Energy Services Inc (TSE:HWOGet Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$1.06 and last traded at C$1.08, with a volume of 475 shares trading hands. The stock had previously closed at C$1.06.

High Arctic Energy Services Stock Performance

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 firm has a market capitalization of C$12.31 million, a P/E ratio of 0.39 and a beta of 1.59. The business’s 50 day simple moving average is C$1.10 and its two-hundred day simple moving average is C$1.14.

About High Arctic Energy Services

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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.

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