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Source Energy Services (TSE:SHLE) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Source Energy Services logo with Energy background

Shares of Source Energy Services Ltd. (TSE:SHLE - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$14.69 and traded as high as C$16.56. Source Energy Services shares last traded at C$16.19, with a volume of 19,781 shares traded.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on Source Energy Services

Source Energy Services Stock Down 6.0 %

The company has a market capitalization of C$206.23 million, a PE ratio of 1.31 and a beta of 2.82. The business's 50-day simple moving average is C$14.78 and its 200-day simple moving average is C$12.90. The company has a current ratio of 0.59, a quick ratio of 0.22 and a debt-to-equity ratio of 123.18.

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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