Source Energy Services (TSE:SHLE) Hits New 12-Month Low – Here’s What Happened

Source Energy Services Ltd. (TSE:SHLEGet Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$8.89 and last traded at C$9.09, with a volume of 38019 shares. The stock had previously closed at C$9.61.

Source Energy Services Stock Performance

The business has a 50-day moving average price of C$13.52 and a 200-day moving average price of C$13.77. 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$125.51 million, a price-to-earnings ratio of 0.74 and a beta of 2.82.

Source Energy Services Company Profile

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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.

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