Source Energy Services (TSE:SHLE) Trading Down 1.6% – What’s Next?

Shares of Source Energy Services Ltd. (TSE:SHLE) traded down 1.6% on Wednesday . The stock traded as low as C$14.26 and last traded at C$14.26. 11,829 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 17,546 shares. The stock had previously closed at C$14.49.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped their price target on Source Energy Services from C$14.00 to C$16.00 in a research note on Thursday, November 7th.

Source Energy Services Stock Performance

The company has a quick ratio of 0.22, a current ratio of 0.59 and a debt-to-equity ratio of 123.18. The business has a 50 day simple moving average of C$15.95 and a two-hundred day simple moving average of C$13.91. The firm has a market cap of C$193.22 million, a PE ratio of 1.23 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.