Derren James Newell Buys 2,000 Shares of Source Energy Services Ltd. (TSE:SHLE) Stock

Source Energy Services Ltd. (TSE:SHLE) Senior Officer Derren James Newell purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of C$10.31 per share, for a total transaction of C$20,620.00.

Source Energy Services Stock Performance

SHLE traded down C$0.31 during trading on Wednesday, hitting C$9.97. 15,086 shares of the stock were exchanged, compared to its average volume of 27,397. 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 firm has a market capitalization of C$134.84 million, a P/E ratio of 0.79 and a beta of 2.82. Source Energy Services Ltd. has a 1-year low of C$8.21 and a 1-year high of C$18.45. The stock has a fifty day moving average price of C$14.13 and a two-hundred day moving average price of C$13.94.

Wall Street Analysts Forecast Growth

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

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.