Western Energy Services (TSE:WRG) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• Price action: Western Energy Services shares crossed above their 50-day moving average
• Financial snapshot: Market capitalization is C$106.27M with a negative P/E (-4.13), PEG 0.09, 50-day/200-day moving averages of C$2.93/C$2.42, and modest liquidity (quick ratio 1.46, current ratio 1.82) with debt-to-equity of 37.49.
• Business overview: The company is an oilfield services provider in Canada and the U.S., operating contract drilling and production services (well servicing and rental equipment).

Western Energy Services Corp. (TSE:WRG - ) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2.93 and traded as high as C$3.14. Western Energy Services shares last traded at C$3.14, with a volume of 800 shares trading hands.

Western Energy Services Trading Up 4.7%

The firm has a market capitalization of C$106.27 million, a P/E ratio of -4.13, a PEG ratio of 0.09 and a beta of -0.18. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49. The business has a 50-day moving average price of C$2.93 and a 200-day moving average price of C$2.42.

About Western Energy Services

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. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment.

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