Shares of High Arctic Energy Services, Inc. (TSE:HWO) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.39 and traded as low as $2.53. High Arctic Energy Services shares last traded at $2.60, with a volume of 12,903 shares trading hands.
Separately, National Bank Financial decreased their price target on shares of High Arctic Energy Services from C$3.75 to C$3.25 and set a “sector perform” rating for the company in a report on Thursday, August 15th.
The company has a debt-to-equity ratio of 5.17, a current ratio of 2.59 and a quick ratio of 2.12. The stock’s fifty day simple moving average is C$2.65 and its 200-day simple moving average is C$3.39. The company has a market capitalization of $108.97 million and a P/E ratio of 595.00.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, September 13th will be given a dividend of $0.0165 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date is Thursday, August 29th.
About High Arctic Energy Services (TSE:HWO)
High Arctic Energy Services Inc provides oilfield services in Canada, Papua New Guinea, and the United States. The company operates through Drilling Services, Production Services, and Ancillary Services segments. It offers snubbing services, including foothills stand alone, stand alone, power tower, and rig assist units; nitrogen transport and pumping services; and service rigs.
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