High Arctic Energy Services (TSE:HWO) Reaches New 52-Week Low – Here’s Why

High Arctic Energy Services Inc (TSE:HWOGet Free Report)’s stock price hit a new 52-week low on Thursday . The company traded as low as C$1.07 and last traded at C$1.19, with a volume of 21716 shares traded. The stock had previously closed at C$1.12.

High Arctic Energy Services Stock Performance

The stock has a fifty day moving average of C$1.13 and a 200-day moving average of C$1.13. The stock has a market cap of C$12.43 million, a PE 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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