High Arctic Energy Services (TSE:HWO) Shares Cross Above 200 Day Moving Average – What’s Next?

High Arctic Energy Services Inc (TSE:HWO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.85 and traded as high as C$0.87. High Arctic Energy Services shares last traded at C$0.86, with a volume of 6,100 shares traded.

High Arctic Energy Services Price Performance

The company has a market capitalization of C$10.92 million, a P/E ratio of -28.67 and a beta of -0.24. The company has a quick ratio of 4.54, a current ratio of 2.43 and a debt-to-equity ratio of 20.27. The business has a 50 day simple moving average of C$0.86 and a 200-day simple moving average of C$0.85.

High Arctic Energy Services (TSE:HWO) last released its quarterly earnings results on Tuesday, March 31st. The company reported C($0.01) EPS for the quarter. High Arctic Energy Services had a negative return on equity of 0.93% and a negative net margin of 1.97%.The firm had revenue of C$2.99 million for the quarter. Analysts predict that High Arctic Energy Services Inc will post -0.01 EPS for the current fiscal year.

About High Arctic Energy Services

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are Drilling Services segment which consists of the drilling services; Production Services segment which consists of the well servicing and snubbing services; Ancillary Services segment which provides rental equipment and engineering consulting to various companies within the oil and gas sector and Corporate segment.