CWC Energy Services (CVE:CWC) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

CWC Energy Services Corp. (CVE:CWC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.16 and traded as high as C$0.16. CWC Energy Services shares last traded at C$0.16, with a volume of 41,277 shares trading hands.

CWC Energy Services Trading Down 5.9%

The firm’s 50-day moving average price is C$0.16 and its 200-day moving average price is C$0.16. The company has a quick ratio of 3.31, a current ratio of 3.36 and a debt-to-equity ratio of 20.44. The company has a market cap of C$82.81 million, a P/E ratio of 1.96 and a beta of 1.78.

CWC Energy Services Company Profile

CWC Energy Services Corp., operates as a contract drilling and well servicing company, provides oilfield services to oil and gas exploration and production companies in Canada and the United States. The company operates through two segments, Contract Drilling and Production Services. It also provides completion, maintenance, workover, and well decommissioning services; and related equipment and services. The company operates through a fleet of 143 service rigs; 75 single, 55 double, and 14 slant rigs; 13 electric triple drilling rigs with depth ratings from 3,600 to 7,600 meters; and 9 telescopic double drilling rigs with depth ratings from 3,200 to 5,000 meters.