SAExploration (NASDAQ:SAEX) Sees Large Volume Increase

SAExploration Holdings Inc (NASDAQ:SAEX) shares saw unusually-high trading volume on Monday . Approximately 3,616,808 shares traded hands during trading, an increase of 573% from the previous session’s volume of 537,503 shares.The stock last traded at $3.06 and had previously closed at $2.39.

Separately, ValuEngine cut SAExploration from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

The firm’s 50 day moving average is $1.96 and its two-hundred day moving average is $2.54. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 4.52.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dupont Capital Management Corp lifted its stake in SAExploration by 1.9% in 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 acquiring an additional 11,500 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of SAExploration during the 2nd quarter worth about $58,000. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 102,679 shares during the last quarter. BlueMountain Capital Management LLC raised its holdings in shares of SAExploration by 99.6% in the 2nd quarter. BlueMountain Capital Management LLC now owns 240,432 shares of the oil and gas company’s stock valued at $866,000 after purchasing an additional 119,980 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of SAExploration in the 2nd quarter valued at about $87,000. 37.97% of the stock is currently owned by hedge funds and other 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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