Secure Energy Services Inc. (SES:CA) Pacing TSX Composite Energy Laggards with Fall of 1.69% at Noon on March 7

Secure Energy Services Inc. (SES:CA) is one of the poorer performing stocks in energy sector of the S&P/TSX Composite Index on March 7, shedding 1.69% to $10.46 at the lunch break after closing the day prior at $10.64. So far in the day, shares of SES:CA traded as high as $10.81 and as low as $10.46. Today's pullback comes with about 88,206 shares changing hands, compared to an average 30-day volume of 363,163 for Secure Energy Services Inc.. The price is currently below the 30-day volume weighted average price of $10.56 for SES:CA.

The share depreciation gives the company a market capitalization of $1.72 billion based upon 162.1 million shares outstanding. It also means that Secure Energy Se has a price-to-book ratio of 1.84:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of SES:CA have traded as low as $7.61 and as high as $12.04. Technical traders will take note that at $10.46, shares of SES:CA are trading above their 200-day MA at $9.45 and below their 50-day MA at $11.03. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is Secure Energy Se?

Secure Energy Services Inc is a diversified energy services company providing specialized services to upstream oil & natural gas companies operating in in western Canada and in certain regions in the United States. The company’s 1100 employees are led by CEO Rene Amirault from the corporate headquarters at 205 - 5th Avenue Southwest.

What is the S&P/TSX Composite Index?

Developed and managed by S&P Dow Jones Indices and launched in January 1977, the S&P/TSX Composite is the headline index for the Canadian equity market. Generally, when investors refer to movement in the Canadian markets, they are referring to the S&P/TSX Composite, as it is the broadest index in the S&P/TSX franchise. The index includes more than 230 of the biggest companies traded on the Toronto Stock Exchange, with financials making up the most heavily weighted sector in the index, followed by energy and materials. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index.

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