CWC Energy Services (CVE:CWC) Stock Price Passes Below 200-Day Moving Average – What’s Next?

CWC Energy Services Corp. (CVE:CWC)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.16 and traded as low as C$0.16. CWC Energy Services shares last traded at C$0.16, with a volume of 41,277 shares trading hands.

CWC Energy Services Stock Down 5.9%

The company has a current ratio of 3.36, a quick ratio of 3.31 and a debt-to-equity ratio of 20.44. The stock has a market cap of C$82.81 million, a price-to-earnings ratio of 1.96 and a beta of 1.78. The firm’s 50 day moving average is C$0.16 and its two-hundred day moving average is C$0.16.

CWC Energy Services Company Profile

CWC Energy Services Corp., operates as a contract drilling and well servicing company, provides oilfield services to oil and gas exploration and production companies in Canada and the United States. The company operates through two segments, Contract Drilling and Production Services. It also provides completion, maintenance, workover, and well decommissioning services; and related equipment and services. The company operates through a fleet of 143 service rigs; 75 single, 55 double, and 14 slant rigs; 13 electric triple drilling rigs with depth ratings from 3,600 to 7,600 meters; and 9 telescopic double drilling rigs with depth ratings from 3,200 to 5,000 meters.