High Arctic Energy Services (TSE:HWO) Issues Earnings Results

High Arctic Energy Services (TSE:HWO) released its quarterly earnings results on Tuesday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports. High Arctic Energy Services had a negative net margin of 1.97% and a negative return on equity of 0.93%. The firm had revenue of C$2.99 million for the quarter.

High Arctic Energy Services Stock Performance

Shares of High Arctic Energy Services stock traded down C$0.02 during trading hours on Thursday, reaching C$0.89. 701 shares of the stock traded hands, compared to its average volume of 5,931. High Arctic Energy Services has a one year low of C$0.70 and a one year high of C$1.03. The firm has a market capitalization of C$11.30 million, a price-to-earnings ratio of -29.67 and a beta of -0.24. The company has a quick ratio of 4.54, a current ratio of 2.43 and a debt-to-equity ratio of 20.27. The company has a 50 day moving average price of C$0.86 and a 200 day moving average price of C$0.85.

About High Arctic Energy Services

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are Drilling Services segment which consists of the drilling services; Production Services segment which consists of the well servicing and snubbing services; Ancillary Services segment which provides rental equipment and engineering consulting to various companies within the oil and gas sector and Corporate segment.