CWC Energy Services (CVE:CWC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

CWC Energy Services Corp. (CVE:CWC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.16 and traded as high as C$0.16. CWC Energy Services shares last traded at C$0.16, with a volume of 41,276 shares changing hands.

CWC Energy Services Stock Performance

The company has a market cap of C$82.80 million, a P/E ratio of 2.00 and a beta of 1.78. The company has a quick ratio of 3.31, a current ratio of 2.53 and a debt-to-equity ratio of 19.34. The business has a fifty day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.16.

About CWC Energy Services

CWC Energy Services Corp., operates as 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 related equipment and services.