PHX Energy Services (TSE:PHX) Share Price Crosses Below Two Hundred Day Moving Average of $0.00

PHX Energy Services Corp (TSE:PHX)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as low as $2.37. PHX Energy Services shares last traded at $2.40, with a volume of 2,500 shares traded.

Separately, BMO Capital Markets lowered their price target on PHX Energy Services from C$4.00 to C$3.50 in a report on Thursday, August 1st.

The company has a current ratio of 1.88, a quick ratio of 1.36 and a debt-to-equity ratio of 44.62. The firm has a market capitalization of $135.32 million and a P/E ratio of -7.93. The firm has a fifty day simple moving average of C$2.71.

In other news, insider PHX Energy Services Corp bought 336,700 shares of the stock in a transaction on Friday, July 19th. The stock was acquired at an average price of C$2.90 per share, with a total value of C$975,386.23. Following the acquisition, the insider now directly owns 612,800 shares in the company, valued at C$1,775,220.32.

PHX Energy Services Company Profile (TSE:PHX)

PHX Energy Services Corp., through its subsidiaries, provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, and Albania. It also offers Web-based remote electronic drilling recorder technology and services.

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