SAExploration (NASDAQ:SAEX) Sees Unusually-High Trading Volume

Shares of SAExploration Holdings Inc (NASDAQ:SAEX) saw unusually-high trading volume on Tuesday . Approximately 10,731,400 shares changed hands during trading, an increase of 1,919% from the previous session’s volume of 531,542 shares.The stock last traded at $2.75 and had previously closed at $1.51.

Separately, ValuEngine raised shares of SAExploration from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 4.52. The firm’s fifty day moving average is $1.70 and its 200-day moving average is $2.60.

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in shares of SAExploration during the 2nd quarter valued at approximately $58,000. Bank of New York Mellon Corp bought a new stake in shares of SAExploration during the 2nd quarter valued at approximately $87,000. Vanguard Group Inc. grew its holdings in SAExploration by 286.2% during the 2nd quarter. Vanguard Group Inc. now owns 138,553 shares of the oil and gas company’s stock worth $499,000 after acquiring an additional 102,679 shares during the last quarter. BlueMountain Capital Management LLC grew its holdings in SAExploration by 99.6% during the 2nd quarter. BlueMountain Capital Management LLC now owns 240,432 shares of the oil and gas company’s stock worth $866,000 after acquiring an additional 119,980 shares during the last quarter. Finally, Dupont Capital Management Corp grew its holdings in SAExploration by 1.9% during the 3rd quarter. Dupont Capital Management Corp now owns 632,137 shares of the oil and gas company’s stock worth $1,169,000 after acquiring an additional 11,500 shares during the last quarter. 38.54% of the stock is currently owned by institutional investors.

About SAExploration (NASDAQ:SAEX)

SAExploration Holdings, Inc, an oilfield services company, provides seismic data acquisition and logistical support services in Alaska, Canada, South America, West Africa, and Southeast Asia. Its seismic data acquisition services include program design, planning and permitting, camp service, survey, drilling, recording, reclamation, and in-field data processing.

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