Western Energy Services (TSE:WRG) Shares Pass Above Fifty Day Moving Average - Time to Sell?

Key Points

• Western Energy Services Corp. (TSE:WRG) saw its stock price cross above the 50-day moving average, reaching a high of C$2.28, with the current price also at C$2.28.
• The company has a market capitalization of C$77.16 million and a significant debt-to-equity ratio of 37.49, suggesting a considerable leverage.
• Western Energy Services operates in the oilfield service industry, providing drilling and production services for crude oil and natural gas exploration in Canada and the USA.

Western Energy Services Corp. (TSE:WRG - )'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2.08 and traded as high as C$2.28. Western Energy Services shares last traded at C$2.28, with a volume of 4,806 shares traded.

Western Energy Services Stock Performance

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 firm has a market capitalization of C$77.16 million, a P/E ratio of -15.20, a P/E/G ratio of 0.09 and a beta of 0.88. The stock has a fifty day moving average of C$2.08 and a 200-day moving average of C$2.13.

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.

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