Source Energy Services (TSE:SHLE) Stock Price Down 1.2% - Time to Sell?

Key Points

• Source Energy Services Ltd. experienced a 1.2% drop in share price, closing at C$13.76 with a significant decline in trading volume, down 67% from average levels.
• The company has a market capitalization of C$182.72 million and a high debt-to-equity ratio of 126.37, indicating financial leverage concerns.
• Insider Catherine Victoria Reynolds sold 2,000 shares at C$14.25 each, reducing her position by 5.75%, which may signal insider sentiment about the stock's future performance.

Source Energy Services Ltd. (TSE:SHLE - )'s share price fell 1.2% during trading on Tuesday . The stock traded as low as C$13.60 and last traded at C$13.76. 11,161 shares traded hands during trading, a decline of 67% from the average session volume of 33,745 shares. The stock had previously closed at C$13.93.

Source Energy Services Price Performance

The stock has a market cap of C$182.72 million, a PE ratio of 4.65 and a beta of 2.56. The company has a debt-to-equity ratio of 126.37, a quick ratio of 0.22 and a current ratio of 0.61. The business has a 50 day moving average price of C$13.81 and a two-hundred day moving average price of C$12.09.

Insiders Place Their Bets

In other Source Energy Services news, insider Catherine Victoria Reynolds sold 2,000 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of C$14.25, for a total value of C$28,500.00. Following the completion of the transaction, the insider owned 32,783 shares in the company, valued at C$467,157.75. This represents a 5.75% decrease in their position. Corporate insiders own 11.09% of the company's stock.

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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