High Arctic Energy Services (TSE:HWO) Shares Pass Below 200-Day Moving Average – Here’s What Happened

High Arctic Energy Services Inc (TSE:HWOGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.15 and traded as low as C$1.11. High Arctic Energy Services shares last traded at C$1.11, with a volume of 1,600 shares traded.

High Arctic Energy Services Stock Down 1.8 %

The company has a quick ratio of 4.54, a current ratio of 1.92 and a debt-to-equity ratio of 66.52. The firm has a 50 day simple moving average of C$1.14 and a 200-day simple moving average of C$1.15. The stock has a market cap of C$13.63 million, a P/E ratio of -1.09 and a beta of 1.59.

About High Arctic Energy Services

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High Arctic Energy Services Inc, an oilfield services company, provides oilfield services to exploration and production companies in Canada and Papua New Guinea. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers drilling services, including provision of drilling personnel; well servicing and snubbing services; and hydraulic workover units.

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