SAExploration (SAEX) Shares Up 7.4%

SAExploration Holdings, Inc. (NASDAQ:SAEX) shot up 7.4% during mid-day trading on Friday . The stock traded as high as $3.50 and last traded at $2.60. 1,540,216 shares were traded during trading, an increase of 334% from the average session volume of 355,118 shares. The stock had previously closed at $2.42.

Separately, ValuEngine raised shares of SAExploration from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st.

The firm has a market cap of $22.81, a PE ratio of -0.35 and a beta of 0.10. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 5.69.

An institutional investor recently raised its position in SAExploration stock. Vanguard Group Inc. lifted its position in shares of SAExploration Holdings, Inc. (NASDAQ:SAEX) by 43.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,697 shares of the oil and gas company’s stock after purchasing an additional 12,109 shares during the period. Vanguard Group Inc. owned about 0.42% of SAExploration worth $129,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 69.10% of the company’s stock.

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About SAExploration

SAExploration Holdings, Inc, an oilfield services company, provides seismic data acquisition and logistical support services to the oil and natural gas industry in North and South America, the Southeast Asia, and West Africa. Its seismic data acquisition services include program design, planning and permitting, camp services, survey, drilling, recording, reclamation, and in-field processing.

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