Cathedral Energy Services Ltd (CET) Trading Down 4.8%

Shares of Cathedral Energy Services Ltd (TSE:CET) dropped 4.8% during trading on Monday . The company traded as low as C$1.55 and last traded at C$1.57. Approximately 193,466 shares were traded during trading, an increase of 29% from the average daily volume of 150,059 shares. The stock had previously closed at C$1.65.

The company has a 50 day moving average price of $1.29 and a 200-day moving average price of $1.06. The stock’s market cap is $71.42 million.

In related news, insider Dan Wilks bought 625,100 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were acquired at an average price of C$1.35 per share, for a total transaction of C$843,885.00. In the last 90 days, insiders bought 1,081,622 shares of company stock worth $1,532,913.

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About Cathedral Energy Services

Cathedral Energy Services Ltd is a Canada-based company, which is engaged in the business of providing selected oilfield services to oil and natural gas exploration and development entities in western Canada and the United States. The Company carries on its activities in Canada and the United States under the name Cathedral Energy Services with operating division Directional Drilling.

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