High Arctic Energy Services (TSE:HWO) Sets New 1-Year Low – What’s Next?

High Arctic Energy Services Inc (TSE:HWOGet Free Report) hit a new 52-week low on Monday . The company traded as low as C$0.79 and last traded at C$0.82, with a volume of 9100 shares. The stock had previously closed at C$0.82.

High Arctic Energy Services Price Performance

The firm’s 50-day moving average is C$1.08 and its two-hundred day moving average is C$1.12. The company has a debt-to-equity ratio of 20.71, a quick ratio of 4.54 and a current ratio of 2.43. The stock has a market cap of C$9.35 million, a P/E ratio of 0.29 and a beta of 1.59.

About High Arctic Energy Services

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High Arctic Energy Services Inc, an oilfield services company, provides oilfield services to exploration and production companies in Canada and Papua New Guinea. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers drilling services, including provision of drilling personnel; well servicing and snubbing services; and hydraulic workover units.

Further Reading

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