Source Energy Services (TSE:SHLE) Hits New 12-Month Low After Insider Selling

Shares of Source Energy Services Ltd. (TSE:SHLE) 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 business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of C$11.02, for a total transaction of C$55,100.00. Following the sale, the insider directly owned 23,785 shares in the company, valued at approximately C$262,110.70. The trade was a 17.37% decrease in their position.

Source Energy Services Price Performance

The company has a market cap of C$133.97 million, a P/E ratio of -10.84 and a beta of 1.09. The company has a debt-to-equity ratio of 144.16, a current ratio of 1.22 and a quick ratio of 0.22. The company has a fifty day simple moving average of C$11.86 and a 200-day simple moving average of C$13.87.

Source Energy Services (TSE:SHLE) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($0.43) earnings per share for the quarter. The company had revenue of C$137.12 million during the quarter. Source Energy Services had a negative return on equity of 6.25% and a negative net margin of 2.21%. On average, sell-side analysts predict that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current year.

Source Energy Services Company Profile

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.