High Arctic Energy Services (TSE:HWO) Hits New 52-Week Low – Here’s Why

High Arctic Energy Services Inc (TSE:HWO)’s share price reached a new 52-week low on Friday . The company traded as low as C$0.80 and last traded at C$0.80, with a volume of 48633 shares trading hands. The stock had previously closed at C$0.84.

High Arctic Energy Services Price Performance

The stock has a fifty day moving average of C$0.86 and a two-hundred day moving average of C$0.85. The stock has a market cap of C$10.41 million, a price-to-earnings ratio of -27.33 and a beta of 0.03. The company has a quick ratio of 4.54, a current ratio of 2.43 and a debt-to-equity ratio of 20.71.

High Arctic Energy Services (TSE:HWO) last released its earnings results on Friday, November 7th. The company reported C$0.07 EPS for the quarter. High Arctic Energy Services had a return on equity of 43.70% and a net margin of 77.07%.The company had revenue of C$2.93 million during the quarter. On average, equities research analysts anticipate that High Arctic Energy Services Inc will post -0.01 earnings per share for the current year.

High Arctic Energy Services Company Profile

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are Drilling Services segment which consists of the drilling services; Production Services segment which consists of the well servicing and snubbing services; Ancillary Services segment which provides rental equipment and engineering consulting to various companies within the oil and gas sector and Corporate segment.