Source Energy Services Ltd. (TSE:SHLE) Director Scott Melbourn Acquires 2,500 Shares

Source Energy Services Ltd. (TSE:SHLE) Director Scott Melbourn acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of C$9.85 per share, with a total value of C$24,625.00.

Source Energy Services Stock Performance

SHLE traded down C$0.10 during midday trading on Friday, hitting C$9.39. 17,138 shares of the company traded hands, compared to its average volume of 27,479. The company’s 50-day moving average is C$13.91 and its 200 day moving average is C$13.87. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 126.37. The firm has a market capitalization of C$127.00 million, a PE ratio of 0.75 and a beta of 2.82. Source Energy Services Ltd. has a 52 week low of C$9.14 and a 52 week high of C$18.45.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets boosted their price target on Source Energy Services from C$14.00 to C$16.00 in a research note on Thursday, November 7th.

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.