High Arctic Energy Services (TSE:HWO) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

High Arctic Energy Services Inc (TSE:HWO) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.26 and traded as low as C$1.13. High Arctic Energy Services shares last traded at C$1.13, with a volume of 2,663 shares trading hands.

High Arctic Energy Services Stock Down 0.9 %

The business’s fifty day moving average is C$1.22 and its two-hundred day moving average is C$1.26. The stock has a market cap of C$13.88 million, a price-to-earnings ratio of -1.11 and a beta of 1.59. The company has a quick ratio of 4.54, a current ratio of 1.92 and a debt-to-equity ratio of 66.52.

High Arctic Energy Services (TSE:HWO) last posted its quarterly earnings results on Thursday, August 15th. The company reported C($0.04) EPS for the quarter. The business had revenue of C$2.53 million during the quarter. High Arctic Energy Services had a negative return on equity of 14.36% and a negative net margin of 16.05%. Equities analysts forecast that High Arctic Energy Services Inc will post -0.01 earnings per share for the current fiscal year.

About High Arctic Energy Services

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.