Western Energy Services (TSE:WRG) Shares Cross Below 200 Day Moving Average – What’s Next?

Western Energy Services Corp. (TSE:WRG)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.78 and traded as low as C$2.45. Western Energy Services shares last traded at C$2.63, with a volume of 977 shares traded.

Western Energy Services Trading Down 1.1 %

The business has a 50 day simple moving average of C$2.68 and a 200-day simple moving average of C$2.78. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49. The stock has a market capitalization of C$89.00 million, a price-to-earnings ratio of -12.52, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49.

About Western Energy Services

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.