Source Energy Services (TSE:SHLE) Shares Cross Below 50-Day Moving Average – What’s Next?

Posted by Scott Moore on Oct 17th, 2024

Source Energy Services Ltd. (TSE:SHLE – Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$12.43 and traded as low as C$11.61. Source Energy Services shares last traded at C$11.72, with a volume of 11,828 shares.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered shares of Source Energy Services from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$20.00 to C$14.00 in a research note on Friday, October 4th.

Read Our Latest Stock Report on SHLE

Source Energy Services Trading Up 0.1 %

The stock has a market cap of C$158.81 million, a PE ratio of 1.01 and a beta of 2.82. The company has a debt-to-equity ratio of 123.18, a quick ratio of 0.22 and a current ratio of 0.59. The company’s 50-day moving average price is C$12.43 and its 200 day moving average price is C$12.39.

About Source Energy Services

(Get Free Report)

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.