Calfrac Well Services Ltd. (OTCMKTS:CFWFF – Get Free Report)’s stock price shot up 1.5% during trading on Tuesday. The stock traded as high as $5.04 and last traded at $5.04. Approximately 102,605 shares changed hands during trading, an increase of 768% from the average daily volume of 11,818 shares. The stock had previously closed at $4.9650.
Calfrac Well Services Price Performance
The business has a 50-day simple moving average of $4.96 and a 200 day simple moving average of $4.61.
About Calfrac Well Services
Calfrac Well Services Ltd. is an oilfield services company that provides specialized well stimulation and completion services to oil and natural gas producers. Its activities are focused on helping customers drill, complete and optimize wells throughout their productive lives.
The company’s service offerings include hydraulic fracturing, coiled tubing, cementing and other related well services. These operations are used to improve reservoir access, support well construction and enhance the recovery of hydrocarbons from conventional and unconventional formations.
Calfrac is headquartered in Calgary, Alberta, and has historically served energy-producing regions in Canada, the United States and Argentina.
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