SAExploration Holdings Inc. (SAEX) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on September 22, climbing 36.69% to wrap the day at $9.43 after closing the day prior at $6.9. Throughout the trading session, shares of SAEX rose as high as $10.5 and dipped as low as $6.32. Today’s advance came with about 7.0 million shares changing hands, compared to an average 30-day volume of 411,679 for SAExploration Holdings Inc.. The price is currently below the 30-day volume weighted average price of $9.29 for SAEX.
The share appreciation today gives the company a market capitalization of $64.47 million based upon 9.34 million shares outstanding. It also means that SAEX has a price-to-book ratio of 8.24:1.
In the past 52 weeks, shares of SAEX have traded as low as $6.8101 and as high as $423.9. Technical traders will take note that at $9.43, shares of SAEX are trading below their 200-day MA at $110.48 and below their 50-day MA at $15.56. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is SAEX?
SAExploration Holdings Inc is an oilfield services company. It offers vertically-integrated seismic data acquisition and logistical support services in Alaska, Canada, South America, and Southeast Asia to its customers in the oil and natural gas industry. The company’s 2218 employees are led by CEO Jeffrey Hastings from the corporate headquarters at 1160 Dairy Ashford Road in Houston, TX.
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