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

High Arctic Energy Services Inc (TSE:HWO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.86 and traded as high as C$0.91. High Arctic Energy Services shares last traded at C$0.91, with a volume of 868 shares changing hands.

High Arctic Energy Services Stock Down 9.6%

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 stock has a market capitalization of C$10.79 million, a P/E ratio of 7.73 and a beta of 0.10. The firm’s fifty day moving average is C$0.87 and its 200-day moving average is C$0.86.

High Arctic Energy Services (TSE:HWO) last announced its earnings results on Thursday, May 14th. The company reported C$0.07 EPS for the quarter. The company had revenue of C$2.73 million for 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 research analysts predict 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 is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment ¿on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta¿.