Insider Buying: Source Energy Services (TSE:SHLE) Insider Buys C$20,810.40 in Stock

Source Energy Services Ltd. (TSE:SHLE) insider Catherine Victoria Reynolds purchased 1,508 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average price of C$13.80 per share, with a total value of C$20,810.40. Following the acquisition, the insider directly owned 25,293 shares of the company’s stock, valued at C$349,043.40. This trade represents a 6.34% increase in their position.

Catherine Victoria Reynolds also recently made the following trade(s):

• On Thursday, September 17th, Catherine Victoria Reynolds sold 5,000 shares of Source Energy Services stock. The stock was sold at an average price of C$11.02, for a total value of C$55,100.00.

Source Energy Services Trading Up 0.2%

SHLE opened at C$9.81 on Friday. The stock’s fifty day moving average is C$11.40 and its two-hundred day moving average is C$13.48. The company has a market capitalization of C$127.60 million, a P/E ratio of -10.33 and a beta of 1.09. Source Energy Services Ltd. has a 52 week low of C$9.41 and a 52 week high of C$18.74. The company has a quick ratio of 0.22, a current ratio of 1.22 and a debt-to-equity ratio of 144.16.

Source Energy Services (TSE:SHLE) last issued its earnings results on Wednesday, July 29th. The company reported C($0.43) earnings per share for the quarter. Source Energy Services had a negative net margin of 2.21% and a negative return on equity of 6.25%. The firm had revenue of C$137.12 million for the quarter. Analysts forecast that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current year.

Source Energy Services Company Profile

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.