Source Energy Services (TSE:SHLE) Hits New 1-Year High – Still a Buy?

Source Energy Services Ltd. (TSE:SHLE)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$17.74 and last traded at C$16.85, with a volume of 4605 shares traded. The stock had previously closed at C$17.64.

Source Energy Services Stock Up 1.6%

The stock’s 50-day moving average price is C$16.35 and its 200-day moving average price is C$14.19. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 126.37. The stock has a market cap of C$229.34 million, a price-to-earnings ratio of 9.86 and a beta of 1.16.

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.