Source Energy Services (TSE:SHLE) Stock Price Down 1.5% - What's Next?

Key Points

• Source Energy Services Ltd. experienced a 1.5% decline in its stock price, trading at C$11.27 after closing at C$11.44.
• The stock's trading volume dropped significantly, at 6,013 shares, which is 82% lower than its average volume of 33,549 shares.
• Insider Catherine Victoria Reynolds sold 2,000 shares for a total of C$28,500, reducing her position by 5.75% while corporate insiders own 11.09% of the company's stock.

Source Energy Services Ltd. (TSE:SHLE - )'s stock price dropped 1.5% during mid-day trading on Tuesday . The company traded as low as C$11.27 and last traded at C$11.27. Approximately 6,013 shares changed hands during trading, a decline of 82% from the average daily volume of 33,549 shares. The stock had previously closed at C$11.44.

Source Energy Services Stock Down 1.5%

The stock has a market cap of C$149.65 million, a PE ratio of 3.81 and a beta of 2.03. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 126.37. The business has a 50-day moving average price of C$13.47 and a 200-day moving average price of C$12.37.

Insider Buying and Selling

In related news, insider Catherine Victoria Reynolds sold 2,000 shares of the 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 directly owned 32,783 shares of the company's stock, valued at approximately C$467,157.75. This represents a 5.75% decrease in their position. Corporate insiders own 11.09% of the company's stock.

About Source Energy Services

Source Energy Services Ltd is a Canada based company engaged in the production, supply, and distribution of Northern White frac sand, as well as the distribution of other bulk completion materials not produced by the company. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities.

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