Source Energy Services (TSE:SHLE) Insider Sells C$66,240.00 in Stock

Source Energy Services Ltd. (TSE:SHLE) insider Catherine Victoria Reynolds sold 4,500 shares of Source Energy Services stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of C$14.72, for a total value of C$66,240.00. Following the transaction, the insider directly owned 28,283 shares of the company’s stock, valued at approximately C$416,325.76. The trade was a 13.73% decrease in their ownership of the stock.

Source Energy Services Price Performance

Shares of TSE SHLE traded up C$0.04 during midday trading on Friday, reaching C$13.65. 6,993 shares of the company traded hands, compared to its average volume of 26,053. The firm has a market cap of C$178.36 million, a PE ratio of 27.86 and a beta of 0.92. The stock’s 50-day simple moving average is C$15.36 and its 200-day simple moving average is C$15.33. Source Energy Services Ltd. has a 12 month low of C$10.34 and a 12 month high of C$18.74. The company has a debt-to-equity ratio of 142.54, a quick ratio of 0.22 and a current ratio of 1.38.

Source Energy Services (TSE:SHLE) last issued its quarterly earnings data on Thursday, May 7th. The company reported C($0.25) earnings per share (EPS) for the quarter. Source Energy Services had a net margin of 0.95% and a return on equity of 2.93%. The company had revenue of C$160.22 million for the quarter. As a group, equities analysts anticipate that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current fiscal year.

About Source Energy Services

Source Energy Services Ltd is a Canada based company engaged in the production, supply, and distribution of Northern White frac sand, as well as the distribution of other bulk completion materials not produced by the company. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system.