Source Energy Services Ltd (TSE:SHLE)’s share price rose 4% during mid-day trading on Friday . The stock traded as high as C$9.30 and last traded at C$9.00. Approximately 95,930 shares changed hands during mid-day trading, an increase of 238% from the average daily volume of 28,381 shares. The stock had previously closed at C$8.65.

Separately, Canaccord Genuity reiterated a “buy” rating and issued a C$9.00 price objective on shares of Source Energy Services in a research report on Wednesday, September 13th. Five analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of C$14.60.

The stock’s 50-day moving average is $7.74 and its 200 day moving average is $8.36. The firm’s market capitalization is $469.71 million.

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Source Energy Services Company Profile

Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand primarily to the Western Canadian Sedimentary Basin. The Northern White frac sand is a preferred proppant used to enhance hydrocarbon recovery in the hydraulic fracturing of oil and natural gas wells. Source Energy Services Ltd.

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