High Arctic Energy Services (TSE:HWO) Stock Passes Above Two Hundred Day Moving Average of $0.00

High Arctic Energy Services Inc (TSE:HWO) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$1.33. High Arctic Energy Services shares last traded at C$1.32, with a volume of 10,749 shares traded.

The company has a debt-to-equity ratio of 5.20, a quick ratio of 3.17 and a current ratio of 4.02. The stock has a market cap of C$64.43 million and a price-to-earnings ratio of -2.25. The company has a 50-day moving average of C$1.44.

High Arctic Energy Services (TSE:HWO) last issued its earnings results on Thursday, May 13th. The company reported C($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.01). The business had revenue of C$17.80 million for the quarter, compared to analysts’ expectations of C$19.00 million. On average, equities analysts expect that High Arctic Energy Services Inc will post -0.35 earnings per share for the current fiscal year.

High Arctic Energy Services Company Profile (TSE:HWO)

High Arctic Energy Services Inc, an oilfield services company, provides oilfield services to exploration and production companies in Canada, Papua New Guinea, and the United States. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers snubbing services, including foothills standalone snubbing system for completions and workovers; Hydraulic Workover (HWO) Units, such as a patented L-Frame equipment configuration; Rig Assist Snubbing Unit, a truck-mounted hydraulic system to manage underbalanced wellbore conditions; and Power Tower to install a snubbing unit and blowout preventers in one lift.

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