High Arctic Energy Services (TSE:HWO) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of High Arctic Energy Services Inc (TSE:HWOGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.13 and traded as low as C$1.12. High Arctic Energy Services shares last traded at C$1.12, with a volume of 225 shares traded.

High Arctic Energy Services Price Performance

The stock has a 50-day simple moving average of C$1.13 and a 200 day simple moving average of C$1.13. The company has a debt-to-equity ratio of 66.52, a quick ratio of 4.54 and a current ratio of 1.92. The company has a market cap of C$13.75 million, a P/E ratio of -1.10 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.

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