Pioneer Energy Services (OTCMKTS:PESXQ) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

by · The Markets Daily

Pioneer Energy Services Corp. (OTCMKTS:PESXQ – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.03 and traded as high as $0.0330. Pioneer Energy Services shares last traded at $0.0266, with a volume of 464,700 shares trading hands.

Pioneer Energy Services Price Performance

The company has a 50-day moving average price of $0.03 and a 200-day moving average price of $0.03.

About Pioneer Energy Services

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Pioneer Energy Services is an oilfield services company headquartered in Calgary, Alberta, offering a full suite of contract drilling and wellsite rental solutions to exploration and production companies. The firm’s drilling segment operates a fleet of mechanical, hydraulic and workover rigs designed for a variety of drilling environments, including vertical, horizontal and extended-reach applications. Pioneer’s drilling teams leverage advanced technologies and operational best practices to optimize wellbore placement and drilling efficiency for its customers.

Complementing its drilling operations, Pioneer’s rental business provides equipment and personnel for downhole intervention and completion support.

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