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Source Energy Services (TSE:SHLE) Sets New 12-Month Low - Should You Sell?

Source Energy Services logo with Energy background

Source Energy Services Ltd. (TSE:SHLE - Get Free Report) reached a new 52-week low on Friday . The company traded as low as C$7.50 and last traded at C$7.62, with a volume of 36801 shares trading hands. The stock had previously closed at C$9.12.

Source Energy Services Trading Up 15.9 %

The business's 50 day simple moving average is C$10.81 and its 200 day simple moving average is C$13.28. The stock has a market cap of C$112.39 million, a P/E ratio of 0.66 and a beta of 2.82. The company has a debt-to-equity ratio of 126.37, a current ratio of 0.61 and a quick ratio of 0.22.

About Source Energy Services

(Get Free Report)

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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