High Arctic Energy Services (TSE:HWO) Stock Price Passes Below Two Hundred Day Moving Average of $2.76

Shares of High Arctic Energy Services, Inc. (TSE:HWO) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.76 and traded as low as $1.99. High Arctic Energy Services shares last traded at $2.03, with a volume of 43,489 shares.

Separately, National Bank Financial cut their target price on shares of High Arctic Energy Services from C$3.25 to C$2.75 and set a “sector perform” rating for the company in a research note on Monday, November 11th.

The firm’s 50-day simple moving average is C$2.14 and its 200-day simple moving average is C$2.72. The company has a debt-to-equity ratio of 5.18, a quick ratio of 2.15 and a current ratio of 2.58. The company has a market capitalization of $96.26 million and a price-to-earnings ratio of -11.90.

About High Arctic Energy Services (TSE:HWO)

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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