Derren James Newell Acquires 2,000 Shares of Source Energy Services Ltd. (TSE:SHLE) Stock

Source Energy Services Ltd. (TSE:SHLE) Senior Officer Derren James Newell bought 2,000 shares of Source Energy Services stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of C$10.31 per share, for a total transaction of C$20,620.00.

Source Energy Services Trading Down 3.0 %

TSE:SHLE traded down C$0.31 during trading hours on Wednesday, reaching C$9.97. 15,086 shares of the company were exchanged, compared to its average volume of 27,397. Source Energy Services Ltd. has a 52-week low of C$8.21 and a 52-week high of C$18.45. The firm has a market cap of C$134.84 million, a price-to-earnings ratio of 0.79 and a beta of 2.82. The company has a debt-to-equity ratio of 126.37, a current ratio of 0.61 and a quick ratio of 0.22. The stock has a 50 day simple moving average of C$14.13 and a 200 day simple moving average of C$13.94.

Analyst Upgrades and Downgrades

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

About Source Energy Services

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.