High Arctic Energy Services (TSE:HWO) Shares Cross Below Two Hundred 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 Monday . The stock has a 200-day moving average of C$1.24 and traded as low as C$1.15. High Arctic Energy Services shares last traded at C$1.19, with a volume of 14,200 shares changing hands.

High Arctic Energy Services Stock Performance

The stock has a market cap of C$14.61 million, a price-to-earnings ratio of -1.17 and a beta of 1.59. 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 firm has a fifty day moving average of C$1.15 and a 200 day moving average of C$1.24.

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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