Could High Arctic Energy Services, Inc. Change Direction After Today’s Huge Decline?

 Could High Arctic Energy Services, Inc. Change Direction After Today's Huge Decline?

The stock of High Arctic Energy Services, Inc. (TSE:HWO) is a huge mover today! About 36,300 shares traded hands. High Arctic Energy Services, Inc. (TSE:HWO) has risen 25.65% since April 7, 2016 and is uptrending. It has outperformed by 19.51% the S&P500.
The move comes after 7 months negative chart setup for the $246.20 million company. It was reported on Nov, 11 by Barchart.com. We have $4.15 PT which if reached, will make TSE:HWO worth $24.62 million less.

More important recent High Arctic Energy Services, Inc. (TSE:HWO) news were published by: Marketwired.com which released: “High Arctic Energy Services Inc. Announces Acquisition of Tervita Corporation …” on August 29, 2016, also Theglobeandmail.com published article titled: “The Globe and Mail”, Seekingalpha.com published: “High Arctic Energy Services – A Closer Look At The Best O&G Acquisition Of 2016” on September 19, 2016. More interesting news about High Arctic Energy Services, Inc. (TSE:HWO) was released by: Marketwired.com and their article: “High Arctic Energy Services Inc. Announces Closing of Acquisition of Tervita …” with publication date: September 01, 2016.

High Arctic Energy Services Inc. is a Canada company, which focuses on providing contract drilling, completion services, equipment rental and other oilfield services to the gas and oil industry. The company has a market cap of $246.20 million. The Firm operates through providing oilfield services to clients in Canada and Papua New Guinea segment. It has a 7.77 P/E ratio. In PNG, the product line consists of contract drilling services, workover services and equipment rental including rig mats, cranes and oilfield related equipment.

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