Shares of Strad Energy Services Ltd (TSE:SDY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.66 and traded as high as $1.76. Strad Energy Services shares last traded at $1.76, with a volume of 11,500 shares traded.

Separately, Raymond James reaffirmed a “strong-buy” rating and set a C$3.00 price objective on shares of Strad Energy Services in a research report on Friday, November 8th.

The business’s 50-day simple moving average is C$1.67 and its 200-day simple moving average is C$1.66. The company has a market cap of $94.36 million and a PE ratio of -26.06. The company has a current ratio of 1.17, a quick ratio of 1.12 and a debt-to-equity ratio of 15.68.

Strad Energy Services Company Profile (TSE:SDY)

Strad Energy Services Ltd. provides rental equipment and matting solutions to the oil and gas, pipeline, power transmission, and mining sectors in Canada and the United States. The company operates in two segments, Industrial Matting and Equipment Rentals. It offers tank farms, BBL tanks, BBL single wall horizontal tanks, agitator and flare tanks, floc and premix tanks, potable water storage sheds, EcoPond composites, shale bins, pipe racks and tubs, and containment systems; generators and heaters; and centrifuges, mobile centrifuge dewatering units, and linear motion drying shakers.

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