Source Energy Services (TSE:SHLE) Sets New 1-Year High at $18.45

Shares of Source Energy Services Ltd. (TSE:SHLE) reached a new 52-week high on Monday . The company traded as high as C$18.45 and last traded at C$17.43, with a volume of 56595 shares traded. The stock had previously closed at C$16.70.

Analysts Set New Price Targets

SHLE has been the topic of a number of analyst reports. Acumen Capital raised their price target on Source Energy Services from C$15.00 to C$15.50 in a research note on Thursday, March 14th. BMO Capital Markets boosted their target price on Source Energy Services from C$16.00 to C$18.00 in a research note on Tuesday, April 23rd.

Source Energy Services Stock Performance

The firm’s fifty day moving average price is C$11.76 and its 200-day moving average price is C$8.64. The company has a current ratio of 1.26, a quick ratio of 0.22 and a debt-to-equity ratio of 131.13. The firm has a market cap of C$231.98 million, a price-to-earnings ratio of 1.44 and a beta of 2.96.

Insider Buying and Selling at Source Energy Services

In other Source Energy Services news, Senior Officer Derren James Newell sold 11,500 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$9.96, for a total value of C$114,540.00. 11.09% of the stock is currently owned by insiders.

Source Energy Services Company Profile

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.