CWC Energy Services (CVE:CWC) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

CWC Energy Services Corp. (CVE:CWC) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.16 and traded as low as C$0.16. CWC Energy Services shares last traded at C$0.16, with a volume of 41,277 shares.

CWC Energy Services Trading Down 5.9%

The company has a current ratio of 3.36, a quick ratio of 3.31 and a debt-to-equity ratio of 20.44. The firm has a 50-day moving average price of C$0.16 and a 200-day moving average price of C$0.16. The company has a market capitalization of C$82.81 million, a price-to-earnings ratio of 1.96 and a beta of 1.78.

About CWC Energy Services

CWC Energy Services Corp., operates as a contract drilling and well servicing company, provides oilfield services to oil and gas exploration and production companies in Canada and the United States. The company operates through two segments, Contract Drilling and Production Services. It also provides completion, maintenance, workover, and well decommissioning services; and related equipment and services. The company operates through a fleet of 143 service rigs; 75 single, 55 double, and 14 slant rigs; 13 electric triple drilling rigs with depth ratings from 3,600 to 7,600 meters; and 9 telescopic double drilling rigs with depth ratings from 3,200 to 5,000 meters.