Source Energy Services Ltd. (TSE:SHLE – Get Free Report) reached a new 52-week low on Tuesday after an insider sold shares in the company. The stock traded as low as C$10.39 and last traded at C$10.30, with a volume of 11594 shares. The stock had previously closed at C$10.95.
Specifically, insider Catherine Victoria Reynolds sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of C$11.02, for a total value of C$55,100.00. Following the sale, the insider owned 23,785 shares in the company, valued at C$262,110.70. This represents a 17.37% decrease in their position.
Source Energy Services Trading Down 5.9%
The company has a debt-to-equity ratio of 144.16, a quick ratio of 0.22 and a current ratio of 1.22. The stock has a market cap of C$133.97 million, a price-to-earnings ratio of -10.84 and a beta of 1.09. The business has a fifty day simple moving average of C$11.86 and a 200 day simple moving average of C$13.87.
About Source Energy Services
Source is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network and its ‘last mile’ logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system.
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