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Source Energy Services (TSE:SHLE) Hits New 52-Week Low - Here's What Happened

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

Source Energy Services Trading Up 8.8 %

The company has a debt-to-equity ratio of 126.37, a quick ratio of 0.22 and a current ratio of 0.61. The company has a market capitalization of C$128.49 million, a price-to-earnings ratio of 0.76 and a beta of 2.82. The business's 50-day simple moving average is C$13.23 and its 200-day simple moving average is C$13.71.

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.

Further Reading

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