High Arctic Energy Services (TSE:HWO) Hits New 12-Month High at $1.83

High Arctic Energy Services Inc (TSE:HWO)’s share price reached a new 52-week high on Friday . The stock traded as high as C$1.83 and last traded at C$1.78, with a volume of 13798 shares traded. The stock had previously closed at C$0.74.

High Arctic Energy Services Trading Up 143.2 %

The stock has a 50-day moving average of C$1.20 and a two-hundred day moving average of C$1.20. The company has a market cap of C$88.42 million, a P/E ratio of -7.20 and a beta of 1.97. The company has a debt-to-equity ratio of 5.89, a quick ratio of 4.54 and a current ratio of 4.62.

High Arctic Energy Services (TSE:HWO) last issued its quarterly earnings results on Thursday, May 16th. The company reported C$0.07 earnings per share for the quarter. The firm had revenue of C$18.01 million during the quarter. High Arctic Energy Services had a negative return on equity of 7.99% and a negative net margin of 12.66%. On average, equities research analysts predict that High Arctic Energy Services Inc will post -0.01 earnings per share for the current year.

Insider Transactions at High Arctic Energy Services

In other High Arctic Energy Services news, Senior Officer Lonn Bate purchased 20,000 shares of the stock in a transaction dated Friday, June 14th. The shares were purchased at an average cost of C$1.51 per share, with a total value of C$30,200.00. Insiders own 50.67% of the company’s stock.

About High Arctic Energy Services

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.