High Arctic Energy Services (TSE:HWO) Share Price Passes Above 200 Day Moving Average – Time to Sell?

High Arctic Energy Services Inc (TSE:HWO) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.84 and traded as high as C$0.87. High Arctic Energy Services shares last traded at C$0.87, with a volume of 3,002 shares changing hands.

High Arctic Energy Services Stock Performance

The stock has a 50-day moving average of C$0.85 and a 200 day moving average of C$0.84. The company has a debt-to-equity ratio of 20.71, a current ratio of 2.43 and a quick ratio of 4.54. The stock has a market capitalization of C$11.05 million, a price-to-earnings ratio of -29.00 and a beta of 0.03.

High Arctic Energy Services (TSE:HWO) last posted its quarterly earnings results on Friday, November 7th. The company reported C$0.07 earnings per share for the quarter. High Arctic Energy Services had a return on equity of 43.70% and a net margin of 77.07%.The company had revenue of C$2.93 million for the quarter. On average, analysts expect that High Arctic Energy Services Inc will post -0.01 EPS for the current year.

High Arctic Energy Services Company Profile

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are Drilling Services segment which consists of the drilling services; Production Services segment which consists of the well servicing and snubbing services; Ancillary Services segment which provides rental equipment and engineering consulting to various companies within the oil and gas sector and Corporate segment.