SAExploration (NASDAQ:SAEX) Sees Large Volume Increase

Shares of SAExploration Holdings Inc (NASDAQ:SAEX) saw unusually-high trading volume on Friday . Approximately 500,400 shares traded hands during trading, an increase of 18% from the previous session’s volume of 422,673 shares.The stock last traded at $2.28 and had previously closed at $2.28.

Separately, ValuEngine raised SAExploration from a “hold” rating to a “buy” rating in a research report on Friday, January 10th.

The business has a 50-day moving average of $3.01 and a two-hundred day moving average of $2.48. The company has a market cap of $9.61 million, a P/E ratio of -0.04 and a beta of 3.26.

A number of hedge funds have recently modified their holdings of the stock. Dupont Capital Management Corp boosted its position in SAExploration by 1.9% during the third quarter. Dupont Capital Management Corp now owns 632,137 shares of the oil and gas company’s stock valued at $1,169,000 after purchasing an additional 11,500 shares in the last quarter. Vanguard Group Inc. boosted its position in SAExploration by 286.2% during the second quarter. Vanguard Group Inc. now owns 138,553 shares of the oil and gas company’s stock valued at $499,000 after purchasing an additional 102,679 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in SAExploration during the second quarter valued at about $87,000. Finally, Citadel Advisors LLC bought a new stake in SAExploration during the second quarter valued at about $58,000. 37.97% of the stock is currently owned by institutional investors.

SAExploration Company Profile (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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