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Insider Buying: Source Energy Services Ltd. (TSE:SHLE) Director Buys 2,500 Shares of Stock

Source Energy Services logo with Energy background
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Source Energy Services Ltd. (TSE:SHLE - Get Free Report) Director Scott Melbourn purchased 2,500 shares of Source Energy Services stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of C$9.85 per share, with a total value of C$24,625.00.

Source Energy Services Price Performance

Shares of TSE:SHLE traded up C$0.58 on Friday, reaching C$9.31. 13,185 shares of the company traded hands, compared to its average volume of 29,139. The company's 50 day moving average is C$13.23 and its 200-day moving average is C$13.71. The stock has a market capitalization of C$125.92 million, a PE ratio of 0.74 and a beta of 2.82. Source Energy Services Ltd. has a fifty-two week low of C$8.60 and a fifty-two week high of C$18.45. The company has a debt-to-equity ratio of 126.37, a current ratio of 0.61 and a quick ratio of 0.22.

Source Energy Services Company Profile

(Get Free Report)

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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