Source Energy Services (TSE:SHLE) Shares Up 2.9% - Here's What Happened

Source Energy Services Ltd. (TSE:SHLE - Get Free Report) shot up 2.9% on Friday . The stock traded as high as C$9.73 and last traded at C$9.43. 14,747 shares were traded during mid-day trading, a decline of 46% from the average session volume of 27,469 shares. The stock had previously closed at C$9.16.

Source Energy Services Stock Up 5.2 %

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's 50 day moving average price is C$9.39 and its 200 day moving average price is C$12.94. The firm has a market cap of C$134.17 million, a price-to-earnings ratio of 0.79 and a beta of 2.82.

Insider Buying and Selling

In other news, Director Christopher Allen Johnson acquired 7,500 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average cost of C$7.00 per share, for a total transaction of C$52,500.00. Over the last ninety days, insiders bought 12,000 shares of company stock worth $97,745. 11.09% of the stock is owned by corporate insiders.

About Source Energy Services

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.