November 9, 2016 - 2:26 PM EST
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Midday Update: SAExploration Holdings Inc. (SAEX) Charges Ahead 12.43% on November 9

SAExploration Holdings Inc. (SAEX) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on November 9. At the lunch break, shares of SAEX have gained 12.43% to $7.07 after closing the day prior at $6.29. In the first two and a half hours of trading, the stock has gone as high as $7.27 and as low as $6.65. Today's rise has come with about 642,480 shares changing hands, compared to an average 30-day volume of 899,751 for SAExploration Holdings Inc.. The price is currently below the 30-day volume weighted average price of $6.98 for SAEX. The share appreciation gives the company a market capitalization of $58.77 million based upon 9.34 million shares outstanding. It also means that SAEX has a price-to-book ratio of 1.06:1. In the past 52 weeks, shares of SAEX have traded as low as $6.02 and as high as $337.5. Technical traders will take note that at $7.07, shares of SAEX are trading below their 200-day MA at $66.13 and below their 50-day MA at $8.43. 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. For more information on SAEX and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com


Source: Financial Press News (November 9, 2016 - 2:26 PM EST)

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