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

High Arctic Energy Services Inc (TSE:HWOGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as C$1.03 and last traded at C$0.93, with a volume of 15376 shares changing hands. The stock had previously closed at C$0.91.

High Arctic Energy Services Price Performance

The company has a quick ratio of 4.54, a current ratio of 2.43 and a debt-to-equity ratio of 17.81. The business has a 50-day moving average price of C$0.89 and a two-hundred day moving average price of C$0.87. The company has a market capitalization of C$12.32 million, a price-to-earnings ratio of 8.82 and a beta of 0.08.

High Arctic Energy Services (TSE:HWOGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter. The business had revenue of C$2.73 million during the quarter. High Arctic Energy Services had a return on equity of 7.22% and a net margin of 14.05%. As a group, research analysts anticipate that High Arctic Energy Services Inc will post -0.01 EPS for the current year.

About High Arctic Energy Services

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High Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment ¿on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta¿.

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