Western Energy Services (OTCMKTS:WEEEF) Shares Down 1.8% - Here's Why

Western Energy Services Corp. (OTCMKTS:WEEEF - Get Free Report)'s share price was down 1.8% during trading on Friday . The stock traded as low as $1.56 and last traded at $1.56. Approximately 1,700 shares were traded during trading, an increase of 461% from the average daily volume of 303 shares. The stock had previously closed at $1.59.

Western Energy Services Price Performance

The firm has a fifty day moving average of $1.54 and a 200 day moving average of $1.65. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $53.81 million, a P/E ratio of -12.23 and a beta of 0.56.

Western Energy Services (OTCMKTS:WEEEF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.05 earnings per share (EPS) for the quarter. Western Energy Services had a negative net margin of 2.66% and a negative return on equity of 2.06%. The firm had revenue of $48.07 million for the quarter.

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.