Western Energy Services (OTCMKTS:WEEEF) Trading 7.6% Higher – Here’s Why

Western Energy Services Corp. (OTCMKTS:WEEEF)’s stock price was up 7.6% during trading on Monday . The stock traded as high as $1.83 and last traded at $1.83. Approximately 883 shares were traded during mid-day trading, an increase of 103% from the average daily volume of 435 shares. The stock had previously closed at $1.70.

Western Energy Services Price Performance

The stock has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $1.53. The firm has a market cap of $61.93 million, a PE ratio of -13.07 and a beta of 0.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.90 and a current ratio of 1.90.

About Western Energy Services

Western Energy Services Corp (OTCMKTS:WEEEF) is a Calgary-based oilfield services company that offers well servicing and equipment rental solutions to upstream oil and gas operators. The company’s primary service lines include routine well servicing, snubbing and workover operations, and coiled tubing. Western Energy Services operates a fleet of well servicing rigs, snubbing units, and specialized rental equipment, such as compressor trucks and fracturing support equipment.

In its well servicing segment, the company provides mechanical maintenance, well intervention and completion support, including acidizing, nitrogen and hydraulic fracturing support services.