CWC Energy Services (CVE:CWC) Share Price Crosses Below Two Hundred Day Moving Average of $0.24

CWC Energy Services Corp. (CVE:CWCGet Rating)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.24 and traded as low as C$0.20. CWC Energy Services shares last traded at C$0.20, with a volume of 108,501 shares changing hands.

CWC Energy Services Stock Performance

The company has a debt-to-equity ratio of 29.13, a current ratio of 3.01 and a quick ratio of 2.91. The stock has a market cap of C$102.33 million and a price-to-earnings ratio of 10.00. The firm has a fifty day moving average of C$0.24 and a 200 day moving average of C$0.24.

CWC Energy Services (CVE:CWCGet Rating) last released its quarterly earnings results on Friday, July 29th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$42.68 million for the quarter. As a group, sell-side analysts forecast that CWC Energy Services Corp. will post -0.01 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Stuart James King sold 132,500 shares of CWC Energy Services stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of C$0.28, for a total transaction of C$36,437.50. Following the completion of the transaction, the insider now directly owns 66,847 shares in the company, valued at approximately C$18,382.93.

About CWC Energy Services

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CWC Energy Services Corp., a contract drilling and well servicing company, provides oilfield services to oil and gas exploration and production companies in Canada and the United States. The company operates through two segments, Contract Drilling and Production Services. It also provides completion, maintenance, workover, and well decommissioning services; and equipment and related services.

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