High Arctic Energy Services (TSE:HWO) Hits New 12-Month Low – Here’s Why

High Arctic Energy Services Inc (TSE:HWOGet Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$1.09 and last traded at C$1.10, with a volume of 2200 shares trading hands. The stock had previously closed at C$1.12.

High Arctic Energy Services Trading Down 1.8 %

The firm’s 50-day moving average is C$1.13 and its 200-day moving average is C$1.14. The company has a current ratio of 1.92, a quick ratio of 4.54 and a debt-to-equity ratio of 66.52. The firm has a market cap of C$13.51 million, a price-to-earnings ratio of -1.08 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.

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