Source Energy Services (TSE:SHLE) Sets New 52-Week Low – Here’s What Happened

Source Energy Services Ltd. (TSE:SHLE) reached a new 52-week low on Tuesday. The stock traded as low as C$9.05 and last traded at C$9.19, with a volume of 6,646 shares trading hands. The stock had previously closed at C$9.60.

Source Energy Services Stock Down 2.0%

The company has a debt-to-equity ratio of 144.16, a quick ratio of 0.22 and a current ratio of 1.22. The firm has a market cap of C$122.40 million, a PE ratio of -9.91 and a beta of 1.80. The stock has a fifty day moving average price of C$11.16 and a 200-day moving average price of C$13.19.

Source Energy Services (TSE:SHLE) last issued its earnings results on Wednesday, July 29th. The company reported C($0.43) EPS for the quarter. The business had revenue of C$137.12 million during the quarter. Source Energy Services had a negative net margin of 2.21% and a negative return on equity of 6.25%. Research analysts expect that Source Energy Services Ltd. will post 3.23 EPS for the current year.

Insider Activity at Source Energy Services

In other Source Energy Services news, insider Catherine Victoria Reynolds sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of C$11.02, for a total value of C$55,100.00. Following the completion of the transaction, the insider directly owned 23,785 shares of the company’s stock, valued at C$262,110.70. This represents a 17.37% decrease in their position. Insiders own 11.09% of the company’s stock.

About Source Energy Services

Source is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network and its ‘last mile’ logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system.