Source Energy Services Ltd. (TSE:SHLE) Director Acquires C$24,625.00 in Stock

Source Energy Services Ltd. (TSE:SHLE) Director Scott Melbourn bought 2,500 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of C$9.85 per share, with a total value of C$24,625.00.

Source Energy Services Stock Performance

TSE:SHLE opened at C$9.61 on Friday. The company has a debt-to-equity ratio of 126.37, a current ratio of 0.61 and a quick ratio of 0.22. The business has a fifty day simple moving average of C$13.79 and a two-hundred day simple moving average of C$13.84. Source Energy Services Ltd. has a 1 year low of C$9.14 and a 1 year high of C$18.45. The company has a market capitalization of C$129.97 million, a P/E ratio of 0.77 and a beta of 2.82.

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.