Insider Selling: Source Energy Services (TSE:SHLE) Insider Sells 4,500 Shares of Stock

Source Energy Services Ltd. (TSE:SHLE) insider Catherine Victoria Reynolds sold 4,500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$14.72, for a total value of C$66,240.00. Following the transaction, the insider owned 28,283 shares of the company’s stock, valued at C$416,325.76. The trade was a 13.73% decrease in their ownership of the stock.

Source Energy Services Trading Up 0.3%

Shares of Source Energy Services stock traded up C$0.04 during trading on Friday, hitting C$13.65. 6,993 shares of the company were exchanged, compared to its average volume of 26,053. Source Energy Services Ltd. has a 1-year low of C$10.34 and a 1-year high of C$18.74. The company has a debt-to-equity ratio of 142.54, a current ratio of 1.38 and a quick ratio of 0.22. The firm has a market capitalization of C$178.36 million, a P/E ratio of 27.86 and a beta of 0.92. The firm’s fifty day moving average price is C$15.36 and its 200 day moving average price is C$15.33.

Source Energy Services (TSE:SHLE) last released its quarterly earnings data on Thursday, May 7th. The company reported C($0.25) earnings per share for the quarter. Source Energy Services had a net margin of 0.95% and a return on equity of 2.93%. The business had revenue of C$160.22 million for the quarter. As a group, sell-side analysts expect that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current fiscal year.

About Source Energy Services

Source Energy Services Ltd is a Canada based company engaged in the production, supply, and distribution of Northern White frac sand, as well as the distribution of other bulk completion materials not produced by the company. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system.