Source Energy Services (TSE:SHLE) Hits New 52-Week Low - Time to Sell?

Source Energy Services Ltd. (TSE:SHLE - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as C$0.00 and last traded at C$10.73, with a volume of 96941 shares trading hands. The stock had previously closed at C$11.71.

Analysts Set New Price Targets

Separately, BMO Capital Markets lifted their price objective on Source Energy Services from C$14.00 to C$16.00 in a research note on Thursday, November 7th.

Source Energy Services Trading Up 1.3 %

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 stock's 50 day moving average is C$13.91 and its 200-day moving average is C$13.87. The company has a market cap of C$129.97 million, a PE ratio of 0.77 and a beta of 2.82.

About Source Energy Services

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.