Catherine Victoria Reynolds Sells 2,000 Shares of Source Energy Services (TSE:SHLE) Stock

Key Points

• Catherine Victoria Reynolds, an insider at Source Energy Services, sold 2,000 shares at an average price of C$14.25, totaling C$28,500.
• The sale represents a 5.75% decrease in Reynolds' ownership, bringing her total holdings to 32,783 shares, valued at approximately C$467,157.75.
• Source Energy Services’ shares traded down 1.7% to C$13.81, with current debt-to-equity and various liquidity ratios indicating financial leverage concerns.

Source Energy Services Ltd. (TSE:SHLE - ) insider Catherine Victoria Reynolds sold 2,000 shares of Source Energy Services stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of C$14.25, for a total transaction of C$28,500.00. Following the sale, the insider directly owned 32,783 shares in the company, valued at approximately C$467,157.75. The trade was a 5.75% decrease in their position.

Source Energy Services Trading Down 1.7%

Shares of SHLE stock traded down C$0.24 during trading on Tuesday, hitting C$13.81. 15,125 shares of the stock traded hands, compared to its average volume of 34,819. The company has a debt-to-equity ratio of 126.37, a current ratio of 0.61 and a quick ratio of 0.22. The firm's fifty day moving average price is C$13.78 and its 200-day moving average price is C$11.70. Source Energy Services Ltd. has a 52-week low of C$6.79 and a 52-week high of C$18.10. The firm has a market capitalization of C$183.38 million, a P/E ratio of 4.67 and a beta of 2.56.

Source Energy Services Company Profile

Source Energy Services Ltd. engages in the production and distribution of Northern White frac sand used primarily in oil and gas exploration and production in Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops Sahara, a wellsite mobile sand storage and handling system.

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