Western Energy Services Corp. (WRG:CA) Declines 9.09% for September 18

Equities Staff  |

It was a tough day for Western Energy Services Corp. (WRG:CA) as its stock fell 9.09% to finish the day at $0.25 a share on September 18. That reduces the company’s market cap to 23.08 million on 92.31 million outstanding shares. Western Energy Services Corp. is a component of the the S&P/TSX SmallCap Index.

15,000 shares exchanged hands over the course of the day as compared with an average daily volume of 27,564 over the last 30 days.

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. It generates revenue mainly through its Contract drilling operation segment.. Western Energy Services Corp. makes its home in Calgary, AB, and currently has CEO Alex R.N. MacAusland at the helm.

The past 52 weeks have seen the stock trade in a range between a high of $0.89 and a low of $0.16, and it’s currently sporting a 50-day SMA of $0.22 and a 200-day SMA of $0.32. The current P/E ratio stands at 0, with a P/B ratio of 0.07.

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Western Energy Services Corp. ($WRG:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.

To get more information on Western Energy Services Corp. and to follow the company’s latest updates, you can visit the company’s profile page here: WRG:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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