Insider Selling: Source Energy Services (TSE:SHLE) Insider Sells C$55,100.00 in Stock

Source Energy Services Ltd. (TSE:SHLE) insider Catherine Victoria Reynolds sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of C$11.02, for a total transaction of C$55,100.00. Following the sale, the insider owned 23,785 shares in the company, valued at approximately C$262,110.70. The trade was a 17.37% decrease in their ownership of the stock.

Source Energy Services Stock Down 3.4%

Shares of Source Energy Services stock opened at C$9.95 on Thursday. The firm has a market cap of C$129.42 million, a PE ratio of -10.47 and a beta of 1.09. The business’s 50 day simple moving average is C$11.74 and its 200 day simple moving average is C$13.77. The company has a debt-to-equity ratio of 144.16, a quick ratio of 0.22 and a current ratio of 1.22. Source Energy Services Ltd. has a 52-week low of C$9.95 and a 52-week high of C$18.74.

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