Western Energy Services (TSE:WRG) Stock Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Western Energy Services Corp. shares crossed below their 50-day moving average of C$2.09, trading at C$2.03 with low volume.
• The company's market capitalization stands at C$68.70 million, with a PE ratio of -13.53, indicating potential challenges in profitability.
• Western Energy Services operates in the oilfield service industry, providing contract drilling and production services in Canada and the U.S.

Western Energy Services Corp. (TSE:WRG - Get Free Report)'s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.09 and traded as low as C$2.03. Western Energy Services shares last traded at C$2.03, with a volume of 141 shares traded.

Western Energy Services Price Performance

The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49. The stock has a 50 day simple moving average of C$2.07 and a 200 day simple moving average of C$2.13. The firm has a market capitalization of C$68.70 million, a PE ratio of -13.53, a PEG ratio of 0.09 and a beta of 0.88.

Western Energy Services Company Profile

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies.