Pioneer Energy Services (OTCMKTS:PESXQ) Stock Breaks Above Two Hundred Day Moving Average – Here’s Why

Pioneer Energy Services Corp. (OTCMKTS:PESXQ – Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $0.03 and traded as high as $0.0330. Pioneer Energy Services shares last traded at $0.0266, with a volume of 464,700 shares.

Pioneer Energy Services Price Performance

The firm has a 50 day moving average of $0.03 and a 200-day moving average of $0.03.

About Pioneer Energy Services

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Pioneer Energy Services Corporation was an oilfield services company that provided contract drilling and production services to oil and natural gas exploration and production companies. Its operations were focused on onshore properties in the United States.

The company’s drilling business operated land-based drilling rigs used to drill and develop oil and gas wells. Its production services business supported existing wells through services such as well servicing and related field operations.

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