Western Energy Services (TSE:WRG) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Western Energy Services Corp. (TSE:WRG) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2.77 and traded as low as C$2.52. Western Energy Services shares last traded at C$2.73, with a volume of 1,000 shares changing hands.

Western Energy Services Price Performance

The firm’s fifty day simple moving average is C$2.77 and its 200 day simple moving average is C$2.80. The firm has a market cap of C$92.38 million, a P/E ratio of -13.00, a P/E/G ratio of 0.09 and a beta of 1.49. The company has a debt-to-equity ratio of 37.49, a quick ratio of 1.46 and a current ratio of 1.82.

Western Energy Services Company Profile

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.