Western Energy Services (OTCMKTS:WEEEF) Shares Up 5.2% – Here’s Why

Western Energy Services Corp. (OTCMKTS:WEEEF)’s stock price shot up 5.2% during mid-day trading on Tuesday . The company traded as high as $2.00 and last traded at $2.00. 100 shares were traded during trading, a decline of 90% from the average session volume of 957 shares. The stock had previously closed at $1.90.

Western Energy Services Stock Performance

The firm has a market cap of $67.69 million, a price-to-earnings ratio of -13.33 and a beta of 0.88. The stock has a 50-day moving average of $2.07 and a 200-day moving average of $2.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 1.82.

Western Energy Services (OTCMKTS:WEEEF) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.03) EPS for the quarter. Western Energy Services had a negative return on equity of 2.36% and a negative net margin of 3.19%. The business had revenue of $42.77 million during the quarter.

Western Energy Services Company Profile

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.