Source Energy Services (TSE:SHLE) Reaches New 1-Year Low at $0.18

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Source Energy Services Ltd (TSE:SHLE) shares reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.18 and last traded at C$0.20, with a volume of 27000 shares trading hands. The stock had previously closed at C$0.18.

Several research firms have recently commented on SHLE. BMO Capital Markets reduced their price target on Source Energy Services from C$1.00 to C$0.50 in a report on Tuesday, September 10th. Canaccord Genuity reduced their price target on Source Energy Services from C$1.00 to C$0.75 in a report on Friday, August 16th. Finally, TD Securities raised Source Energy Services from a “reduce” rating to a “hold” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of C$1.30.

The company has a debt-to-equity ratio of 114.81, a quick ratio of 0.55 and a current ratio of 1.55. The firm has a fifty day moving average price of C$0.43 and a 200 day moving average price of C$0.71. The firm has a market capitalization of $20.11 million and a price-to-earnings ratio of -0.11.

Source Energy Services Company Profile (TSE:SHLE)

Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops wellsite mobile sand storage and handling system.

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