Source Energy Services (TSE:SHLE) Stock Price Down 1.6% - Time to Sell?

Shares of Source Energy Services Ltd. (TSE:SHLE - Get Free Report) dropped 1.6% on Wednesday . The stock traded as low as C$14.26 and last traded at C$14.26. Approximately 11,829 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 17,546 shares. The stock had previously closed at C$14.49.

Wall Street Analyst Weigh In

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 report on Thursday, November 7th.

Source Energy Services Price Performance

The firm has a market cap of C$183.60 million, a P/E ratio of 1.17 and a beta of 2.82. The firm's fifty day simple moving average is C$15.79 and its 200 day simple moving average is C$13.94. The company has a debt-to-equity ratio of 123.18, a quick ratio of 0.22 and a current ratio of 0.59.

Source Energy Services Company Profile

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.