Source Energy Services (TSE:SHLE) Shares Up 1.5% - Should You Buy?

Source Energy Services Ltd. (TSE:SHLE - Get Free Report) traded up 1.5% during mid-day trading on Wednesday . The stock traded as high as C$13.05 and last traded at C$13.04. 138,825 shares were traded during mid-day trading, an increase of 504% from the average session volume of 22,999 shares. The stock had previously closed at C$12.85.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets boosted their price target 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 Trading Down 2.3 %

The firm's 50-day moving average price is C$14.69 and its 200-day moving average price is C$14.01. 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 company has a market cap of C$176.77 million, a P/E ratio of 1.04 and a beta of 2.82.

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.