High Arctic Energy Services (TSE:HWO) Hits New 1-Year Low – Time to Sell?

High Arctic Energy Services Inc (TSE:HWO)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$1.07 and last traded at C$1.07, with a volume of 100 shares traded. The stock had previously closed at C$1.08.

High Arctic Energy Services Price Performance

The stock has a market capitalization of C$12.20 million, a P/E ratio of 0.38 and a beta of 1.59. The business has a fifty day simple moving average of C$1.12 and a 200-day simple moving average of C$1.16. The company has a debt-to-equity ratio of 20.71, a quick ratio of 4.54 and a current ratio of 2.43.

High Arctic Energy Services Company Profile

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.