Shares of High Arctic Energy Services, Inc. (TSE:HWO) reached a new 52-week low on Tuesday . The company traded as low as C$2.00 and last traded at C$1.98, with a volume of 18899 shares traded. The stock had previously closed at C$2.01.
Separately, National Bank Financial reduced their target price on High Arctic Energy Services from C$3.25 to C$2.75 and set a “sector perform” rating on the stock in a research note on Monday, November 11th.
The company has a quick ratio of 2.15, a current ratio of 2.58 and a debt-to-equity ratio of 5.18. The business has a 50 day simple moving average of C$2.23 and a two-hundred day simple moving average of C$2.86. The firm has a market cap of $112.96 million and a PE ratio of -11.79.
High Arctic Energy Services Inc provides oilfield services in Canada, Papua New Guinea, and the United States. The company operates through Drilling Services, Production Services, and Ancillary Services segments. It offers snubbing services, including foothills stand alone, stand alone, power tower, and rig assist units; nitrogen transport and pumping services; and service rigs.
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