High Arctic Energy Services (TSE:HWO) Reaches New 12-Month Low – Here’s What Happened

High Arctic Energy Services Inc (TSE:HWOGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$1.07 and last traded at C$1.07, with a volume of 3000 shares traded. The stock had previously closed at C$1.08.

High Arctic Energy Services Stock Performance

The stock’s 50-day simple moving average is C$1.13 and its 200-day simple moving average is C$1.14. The company has a current ratio of 2.43, a quick ratio of 4.54 and a debt-to-equity ratio of 20.71. The stock has a market cap of C$12.20 million, a price-to-earnings ratio of 0.38 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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