High Arctic Energy Services (TSE:HWO) Share Price Crosses Below 200-Day Moving Average – What’s Next?

High Arctic Energy Services Inc (TSE:HWO)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.85 and traded as low as C$0.83. High Arctic Energy Services shares last traded at C$0.83, with a volume of 3,000 shares traded.

High Arctic Energy Services Stock Performance

The firm has a market cap of C$10.54 million, a P/E ratio of 7.55 and a beta of 0.12. The company has a current ratio of 2.50, a quick ratio of 4.54 and a debt-to-equity ratio of 18.34. The company’s 50-day moving average is C$0.85 and its two-hundred day moving average is C$0.85.

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