Key Energy Services (OTCMKTS:KEGX) Trading Up 36.4% – Here’s Why

Key Energy Services, Inc. (OTCMKTS:KEGXGet Free Report) shot up 36.4% during mid-day trading on Wednesday . The company traded as high as $0.75 and last traded at $0.75. 207 shares traded hands during mid-day trading, an increase of 1,348% from the average session volume of 14 shares. The stock had previously closed at $0.55.

Key Energy Services Price Performance

The company’s 50-day moving average is $0.55 and its 200 day moving average is $0.32.

About Key Energy Services

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Key Energy Services, Inc operates as an onshore rig-based well servicing contractor in the United States. It operates through Rig Services, Fishing and Rental Services, Coiled Tubing Services, and Fluid Management Services segments. The Rig Services segment is involved in the completion of newly drilled wells; workover and recompletion of existing oil and natural gas wells; well maintenance activities; and plugging and abandonment of wells at the end of their useful lives, as well as provision of specialty drilling services to oil and natural gas producers.

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