High Arctic Energy Services (TSE:HWO) Reaches New 12-Month Low – Here’s Why

Shares of High Arctic Energy Services Inc (TSE:HWOGet Free Report) reached a new 52-week low on Thursday . The stock traded as low as C$1.07 and last traded at C$1.19, with a volume of 21716 shares changing hands. The stock had previously closed at C$1.12.

High Arctic Energy Services Stock Performance

The company has a market capitalization of C$12.66 million, a P/E ratio of 0.40 and a beta of 1.59. The firm has a 50 day moving average price of C$1.13 and a two-hundred day moving average price of C$1.13. The company has a debt-to-equity ratio of 20.71, a quick ratio of 4.54 and a current ratio of 2.43.

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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