Shares of PHX Energy Services Corp. (OTCMKTS:PHXHF – Get Free Report) shot up 3.7% during trading on Monday. The stock traded as high as $8.8965 and last traded at $8.8965. Approximately 6,089 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 33,114 shares. The stock had previously closed at $8.5780.
PHX Energy Services Price Performance
The stock’s 50 day simple moving average is $8.67 and its two-hundred day simple moving average is $8.43.
About PHX Energy Services
PHX Energy Services Corp. is a Canadian oilfield services company that provides technology-driven drilling solutions to oil and natural gas exploration and production companies. Its offerings are designed to improve the efficiency, accuracy and performance of horizontal and directional drilling operations.
The company provides measurement-while-drilling services, directional drilling, rotary steerable systems, downhole drilling tools and related equipment. PHX Energy also supplies drilling motors and other technologies used to guide wellbores and optimize drilling outcomes.
Founded in the 1990s and headquartered in Calgary, Alberta, PHX Energy serves customers primarily in Canada and the United States.
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