Insider Selling: Source Energy Services (TSE:SHLE) Insider Sells C$55,100.00 in Stock

Source Energy Services Ltd. (TSE:SHLE) insider Catherine Victoria Reynolds sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of C$11.02, for a total transaction of C$55,100.00. Following the completion of the sale, the insider owned 23,785 shares in the company, valued at C$262,110.70. This represents a 17.37% decrease in their ownership of the stock.

Source Energy Services Price Performance

TSE SHLE traded down C$0.05 during trading hours on Monday, reaching C$10.95. The company’s stock had a trading volume of 1,050 shares, compared to its average volume of 23,804. The stock has a market cap of C$142.43 million, a PE ratio of -11.53 and a beta of 1.09. Source Energy Services Ltd. has a fifty-two week low of C$10.34 and a fifty-two week high of C$18.74. The company’s 50-day moving average is C$11.86 and its two-hundred day moving average is C$13.87. The company has a debt-to-equity ratio of 144.16, a quick ratio of 0.22 and a current ratio of 1.22.

Source Energy Services (TSE:SHLE) last announced its earnings results on Wednesday, July 29th. The company reported C($0.43) earnings per share (EPS) for the quarter. Source Energy Services had a negative return on equity of 6.25% and a negative net margin of 2.21%.The business had revenue of C$137.12 million for the quarter. Analysts forecast that Source Energy Services Ltd. will post 3.2287234 EPS for the current year.

About Source Energy Services

Source is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network and its ‘last mile’ logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system.