Shares of High Arctic Energy Services Inc (TSE:HWO – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.60 and traded as low as C$1.40. High Arctic Energy Services shares last traded at C$1.40, with a volume of 5,130 shares traded.
High Arctic Energy Services Stock Down 4.4 %
The company has a current ratio of 1.79, a quick ratio of 1.30 and a debt-to-equity ratio of 6.69. The stock has a 50-day simple moving average of C$1.46 and a 200-day simple moving average of C$1.60. The company has a market cap of C$63.35 million and a price-to-earnings ratio of -4.12.
High Arctic Energy Services Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Wednesday, September 28th. High Arctic Energy Services’s dividend payout ratio is presently -4.55%.
High Arctic Energy Services Company Profile
High Arctic Energy Services Inc, an oilfield services company, provides oilfield services to exploration and production companies in Canada and Papua New Guinea. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers snubbing services, including foothills standalone snubbing system for completions and workovers; hydraulic workover units, such as a patented L-Frame equipment configuration; rig assist snubbing unit, a truck-mounted hydraulic system to manage underbalanced wellbore conditions; and power tower to install a snubbing unit and blowout preventers in one lift.
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