Today, we feature High Arctic Energy Services Inc (TSX: HWO), an Oil & Gas services provider, as the top momentum gainer since the stock gained more than 6% touching its new 52-week highs during the last two consecutive trading days with far more shares changing hands than in a normal session. During the last trading session, HWO was among the top gainers in the Canadian energy space after gaining 5.7% and closed at its 52-week high of C$4.48 while recording significant volumes of 758,594 shares. During the past 5 trading sessions, HWO surged 17.6% with daily average traded volumes of 247,585 shares, while the stock has accumulated over 20% during the past one month with daily average volumes of 69,923 shares. Recently, after reporting strong earnings, HWO declared increased its monthly dividend amount by 20% to C$0.015 per share or 18 Canadian cents per annum payable on April 14, 2014 to the shareholders of record at the close of business on March 31, 2014. For the fourth quarter and full year 2013 earnings, the company reported that its revenues grew 4% to $152.7 million during 2013 over last year, while adjusted EBITDA increased 5% to $41.5 million in 2013.
Company Description:
High Arctic Energy Services Inc (TSX: HWO) offers oilfield services. The company offers underbalanced drilling and production services, equipment, design and development services, and technical support and training.
1-Year Stock Chart:
Source: Bloomberg
