Pioneer Energy Services (OTCMKTS:PESXQ) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Pioneer Energy Services Corp. (OTCMKTS:PESXQGet Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.03 and traded as high as $0.0330. Pioneer Energy Services shares last traded at $0.0266, with a volume of 464,700 shares.

Pioneer Energy Services Price Performance

The stock has a fifty day moving average price of $0.03 and a two-hundred day moving average price of $0.03.

Pioneer Energy Services Company Profile

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Pioneer Energy Services is an oilfield services company headquartered in Calgary, Alberta, offering a full suite of contract drilling and wellsite rental solutions to exploration and production companies. The firm’s drilling segment operates a fleet of mechanical, hydraulic and workover rigs designed for a variety of drilling environments, including vertical, horizontal and extended-reach applications. Pioneer’s drilling teams leverage advanced technologies and operational best practices to optimize wellbore placement and drilling efficiency for its customers.

Complementing its drilling operations, Pioneer’s rental business provides equipment and personnel for downhole intervention and completion support.

Further Reading

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