SAExploration (SAEX) Sees Unusually-High Trading Volume

SAExploration Holdings Inc (NASDAQ:SAEX) shares saw unusually-strong trading volume on Tuesday . Approximately 6,658,030 shares changed hands during mid-day trading, an increase of 588% from the previous session’s volume of 968,391 shares.The stock last traded at $3.99 and had previously closed at $3.45.

The company has a debt-to-equity ratio of 5.57, a current ratio of 1.08 and a quick ratio of 1.08.

SAExploration (NASDAQ:SAEX) last released its quarterly earnings data on Monday, March 25th. The oil and gas company reported ($7.75) earnings per share for the quarter. The business had revenue of $25.60 million during the quarter. SAExploration had a negative return on equity of 367.66% and a negative net margin of 51.35%.

In other SAExploration news, major shareholder Whitebox Advisors Llc acquired 55,378 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were purchased at an average price of $3.33 per share, for a total transaction of $184,408.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.39% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp raised its stake in SAExploration by 609.3% during the fourth quarter. Dupont Capital Management Corp now owns 583,314 shares of the oil and gas company’s stock worth $1,091,000 after purchasing an additional 501,075 shares during the period. Creative Planning raised its stake in SAExploration by 1.8% during the fourth quarter. Creative Planning now owns 3,188,257 shares of the oil and gas company’s stock worth $1,687,000 after purchasing an additional 56,617 shares during the period. Finally, Highbridge Capital Management LLC raised its stake in SAExploration by 210.0% during the fourth quarter. Highbridge Capital Management LLC now owns 300,917 shares of the oil and gas company’s stock worth $563,000 after purchasing an additional 203,852 shares during the period. Institutional investors own 33.59% of the company’s stock.

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About SAExploration (NASDAQ:SAEX)

SAExploration Holdings, Inc, an oilfield services company, provides seismic data acquisition and logistical support services in Alaska, Canada, South America, West Africa, and Southeast Asia. Its seismic data acquisition services include program design, planning and permitting, camp service, survey, drilling, recording, reclamation, and in-field data processing.

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