Source Energy Services Ltd. (TSE:SHLE – Get Free Report)’s stock price dropped 5% during mid-day trading on Tuesday. The company traded as low as C$10.53 and last traded at C$10.53. Approximately 1,601 shares were traded during trading, a decline of 93% from the average session volume of 21,432 shares. The stock had previously closed at C$11.08.
Source Energy Services Price Performance
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 business has a 50-day simple moving average of C$10.41 and a 200 day simple moving average of C$13.74. The firm has a market cap of C$136.96 million, a P/E ratio of -11.08 and a beta of 2.08.
Source Energy Services (TSE:SHLE – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C($0.43) earnings per share for the quarter. Source Energy Services had a negative return on equity of 6.25% and a negative net margin of 2.21%. The business had revenue of C$137.12 million during the quarter. On average, analysts anticipate that Source Energy Services Ltd. will post 3.23 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Catherine Victoria Reynolds sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of C$11.02, for a total value of C$55,100.00. Following the completion of the sale, the insider owned 23,785 shares of the company’s stock, valued at C$262,110.70. This trade represents a 17.37% decrease in their ownership of the stock. 11.09% of the stock is owned by insiders.
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.
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