Shares of Source Energy Services Ltd. (TSE:SHLE – Get Rating) hit a new 52-week high on Wednesday . The company traded as high as C$3.00 and last traded at C$3.00, with a volume of 18782 shares changing hands. The stock had previously closed at C$2.70.
Analysts Set New Price Targets
Separately, BMO Capital Markets dropped their price target on Source Energy Services from C$2.75 to C$2.25 in a research report on Wednesday, November 9th.
Source Energy Services Stock Performance
The stock has a 50 day simple moving average of C$1.91 and a 200 day simple moving average of C$1.76. The company has a quick ratio of 0.22, a current ratio of 0.50 and a debt-to-equity ratio of 1,343.19. The company has a market cap of C$40.64 million and a price-to-earnings ratio of -1.43.
About Source Energy Services
Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops wellsite mobile sand storage and handling system.
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