Source Energy Services Ltd. (TSE:SHLE - Get Free Report)'s stock price was down 3% during trading on Monday . The company traded as low as C$11.88 and last traded at C$11.90. Approximately 11,420 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 29,992 shares. The stock had previously closed at C$12.27.
Source Energy Services Stock Performance
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 firm has a market cap of C$160.95 million, a P/E ratio of 0.95 and a beta of 2.82. The business's 50-day simple moving average is C$10.54 and its 200 day simple moving average is C$12.29.
Insiders Place Their Bets
In other news, Director Christopher Allen Johnson bought 7,500 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average price of C$7.00 per share, with a total value of C$52,500.00. 11.09% of the stock is currently owned by insiders.
About Source Energy Services
(
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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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