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

High Arctic Energy Services Inc (TSE:HWOGet Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as C$1.06 and last traded at C$1.06, with a volume of 1301 shares changing hands. The stock had previously closed at C$1.07.

High Arctic Energy Services Price Performance

The business’s 50-day simple moving average is C$1.11 and its two-hundred day simple moving average is C$1.16. The stock has a market cap of C$12.31 million, a P/E ratio of 0.39 and a beta of 1.59. 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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