Western Energy Services (OTCMKTS:WEEEF) Shares Up 10.3% – Time to Buy?

Western Energy Services Corp. (OTCMKTS:WEEEF) was up 10.3% during mid-day trading on Wednesday . The stock traded as high as $1.55 and last traded at $1.55. Approximately 2,000 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 2,717 shares. The stock had previously closed at $1.41.

Western Energy Services Stock Up 10.3 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.59. The business’s 50 day moving average price is $1.64 and its 200 day moving average price is $1.84. The firm has a market cap of $52.46 million, a PE ratio of -10.33 and a beta of 0.89.

Western Energy Services (OTCMKTS:WEEEF) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $42.69 million for the quarter. Western Energy Services had a negative return on equity of 2.37% and a negative net margin of 3.19%.

About Western Energy Services

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.