Source Energy Services (TSE:SHLE) Stock Price Up 10.8% - What's Next?

Key Points

• Source Energy Services Ltd. shares surged 10.8% during trading, reaching a high of C$14.95 and closing at C$14.81, significantly above its previous close of C$13.37.
• The company has a market capitalization of C$200.30 million and a PE ratio of 1.18, indicating strong trading activity with a substantial increase in volume.
• Source Energy Services specializes in the production and distribution of Northern White frac sand for the oil and gas industry and offers logistics services for completion materials.

Source Energy Services Ltd. (TSE:SHLE - ) shares shot up 10.8% during trading on Monday . The company traded as high as C$14.95 and last traded at C$14.81. 73,526 shares were traded during mid-day trading, an increase of 115% from the average session volume of 34,181 shares. The stock had previously closed at C$13.37.

Source Energy Services Trading Up 10.8%

The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 126.37. The stock has a market capitalization of C$200.30 million, a PE ratio of 1.18 and a beta of 2.82. The business's 50-day moving average is C$12.82 and its two-hundred day moving average is C$11.79.

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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