July 26, 2016 - 4:41 PM EDT
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SAExploration Holdings Inc. (SAEX) Dives 15.22% in Morning Session on July 26


SAExploration Holdings Inc. (SAEX) lost ground during morning trading on July 26 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector halfway through the trading day. At the lunch break, shares of SAEX have fallen 15.22% to $0.16 after closing the day prior at $0.19. So far, the stock has traded as high as $0.19 and as low as $0.15. Today’s decline has come with about 1.4 million shares changing hands, compared to an average 30-day volume of 3.2 million for SAExploration Holdings Inc.. The price is currently below the 30-day volume weighted average price of $0.16 for SAEX.

The share depreciation gives the company a market capitalization of $3.25 million based upon 17.45 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 $0.1215 and as high as $3.661. Technical traders will take note that at $0.16, shares of SAEX are trading below their 200-day MA at $1.31 and below their 50-day MA at $0.34. 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 below them is typically regarded as bearish.

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 Brian Beatty 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.

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Source: Financial Press News (July 26, 2016 - 4:41 PM EDT)

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