High Arctic Energy Services (TSE:HWO) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

High Arctic Energy Services Inc (TSE:HWO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.85 and traded as high as C$0.88. High Arctic Energy Services shares last traded at C$0.85, with a volume of 8,123 shares changing hands.

High Arctic Energy Services Trading Down 1.2%

The firm has a market capitalization of C$10.79 million, a price-to-earnings ratio of 28.33 and a beta of -0.27. The business’s 50-day simple moving average is C$0.87 and its two-hundred day simple moving average is C$0.85. The company has a quick ratio of 4.54, a current ratio of 1.91 and a debt-to-equity ratio of 19.47.

High Arctic Energy Services (TSE:HWO) last issued its quarterly earnings data on Tuesday, March 31st. The company reported C($0.01) EPS for the quarter. The company had revenue of C$2.99 million during the quarter. High Arctic Energy Services had a return on equity of 1.65% and a net margin of 3.35%. Equities analysts forecast that High Arctic Energy Services Inc will post -0.01 earnings per share for the current 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.