Source Energy Services (TSE:SHLE) Stock Price Down 1.9% – Time to Sell?

Shares of Source Energy Services Ltd. (TSE:SHLE) dropped 1.9% during trading on Wednesday . The stock traded as low as C$14.98 and last traded at C$15.26. Approximately 13,865 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 33,138 shares. The stock had previously closed at C$15.55.

Source Energy Services Stock Performance

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 firm has a market capitalization of C$200.44 million, a price-to-earnings ratio of 8.62 and a beta of 1.78. The stock has a 50-day moving average price of C$12.64 and a 200 day moving average price of C$13.23.

Source Energy Services (TSE:SHLE) last announced its quarterly earnings data on Thursday, November 6th. The company reported C($0.46) EPS for the quarter. The firm had revenue of C$125.32 million during the quarter. Source Energy Services had a net margin of 24.84% and a return on equity of 95.63%. On average, analysts forecast that Source Energy Services Ltd. will post 3.2287234 EPS for the current year.

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. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system.