SAExploration Holdings Inc. (SAEX” target=”_new”>SAEX) is one of the best performing stocks in the basic materials sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of SAEX” target=”_new”>SAEX have climbed 6.78% about 30 minutes into the session to $10.08 after closing the day prior at $9.44. It’s early, but the stock has traded as high as $10.8 and as low as $9.75 so far. Today’s quick advance has come with about 855,838 shares changing hands, compared to an average 30-day volume of 576,648 for SAExploration Holdings Inc.. The price is currently below the 30-day volume weighted average price of $10.18 for SAEX” target=”_new”>SAEX.
The share appreciation gives the company a market capitalization of $88.2 million based upon 9.34 million shares outstanding. It also means that SAEX has a price-to-book ratio of 8.24:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of SAEX” target=”_new”>SAEX have traded as low as $6.32 and as high as $405.0. Technical traders will take note that at $10.08, shares of SAEX” target=”_new”>SAEX are trading below their 200-day MA at $109.07 and below their 50-day MA at $15.11. 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.
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