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

Shares of High Arctic Energy Services Inc (TSE:HWOGet Free Report) hit a new 52-week low on Wednesday . The stock traded as low as C$1.06 and last traded at C$1.08, with a volume of 475 shares changing hands. The stock had previously closed at C$1.06.

High Arctic Energy Services Price Performance

The firm has a market capitalization of C$11.97 million, a PE ratio of 0.38 and a beta of 1.59. The stock has a 50-day moving average price of C$1.10 and a 200 day moving average price of C$1.13. The company has a quick ratio of 4.54, a current ratio of 2.43 and a debt-to-equity ratio of 20.71.

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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