Source Energy Services (TSE:SHLE) Trading Down 1% – Here’s What Happened

Posted by Donna Armstrong on Jul 29th, 2026

Source Energy Services Ltd. (TSE:SHLE – Get Free Report)’s share price dropped 1% during trading on Monday . The stock traded as low as C$12.30 and last traded at C$12.46. Approximately 3,863 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 27,853 shares. The stock had previously closed at C$12.58.

Source Energy Services Stock Performance

The firm’s fifty day moving average is C$13.66 and its 200-day moving average is C$15.30. The company has a current ratio of 1.38, a quick ratio of 0.22 and a debt-to-equity ratio of 142.54. The stock has a market capitalization of C$155.89 million, a PE ratio of 24.35 and a beta of 1.35.

Source Energy Services (TSE:SHLE – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported C($0.25) earnings per share for the quarter. Source Energy Services had a net margin of 0.95% and a return on equity of 2.93%. The company had revenue of C$160.22 million for the quarter. As a group, research analysts anticipate that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current year.

Insider Transactions at Source Energy Services

In other Source Energy Services news, insider Catherine Victoria Reynolds sold 4,500 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$14.72, for a total transaction of C$66,240.00. Following the transaction, the insider directly owned 28,283 shares in the company, valued at C$416,325.76. This represents a 13.73% decrease in their ownership of the stock. 11.09% of the stock is currently owned by insiders.

About Source Energy Services

(Get Free Report)

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.