High Arctic Energy Services (TSE:HWO) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of High Arctic Energy Services Inc (TSE:HWO) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.86 and traded as low as C$0.83. High Arctic Energy Services shares last traded at C$0.88, with a volume of 2,000 shares.

High Arctic Energy Services Stock Performance

The company has a debt-to-equity ratio of 18.34, a current ratio of 2.50 and a quick ratio of 4.54. The company has a 50 day simple moving average of C$0.86 and a 200-day simple moving average of C$0.86. The stock has a market cap of C$11.17 million, a P/E ratio of 29.33 and a beta of -0.27.

High Arctic Energy Services (TSE:HWO) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter. High Arctic Energy Services had a return on equity of 6.04% and a net margin of 12.06%.The firm had revenue of C$2.74 million during the quarter. On average, equities analysts expect that High Arctic Energy Services Inc will post -0.01 earnings per share for the current fiscal year.

High Arctic Energy Services Company Profile

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.