Source Energy Services (TSE:SHLE) Insider Catherine Victoria Reynolds Sells 5,000 Shares

Source Energy Services Ltd. (TSE:SHLE) insider Catherine Victoria Reynolds sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of C$11.02, for a total transaction of C$55,100.00. Following the completion of the sale, the insider owned 23,785 shares of the company’s stock, valued at C$262,110.70. This trade represents a 17.37% decrease in their position.

Source Energy Services Price Performance

SHLE stock traded down C$0.05 during trading on Monday, reaching C$10.95. 1,050 shares of the company were exchanged, compared to its average volume of 23,804. The company has a debt-to-equity ratio of 144.16, a quick ratio of 0.22 and a current ratio of 1.22. The stock’s 50 day moving average price is C$11.86 and its 200 day moving average price is C$13.87. Source Energy Services Ltd. has a 52-week low of C$10.34 and a 52-week high of C$18.74. The company has a market cap of C$142.43 million, a P/E ratio of -11.53 and a beta of 1.09.

Source Energy Services (TSE:SHLE) last issued its earnings results on Wednesday, July 29th. The company reported C($0.43) earnings per share (EPS) for the quarter. Source Energy Services had a negative net margin of 2.21% and a negative return on equity of 6.25%. The company had revenue of C$137.12 million during the quarter. As a group, analysts predict that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current fiscal year.

Source Energy Services Company Profile

Source is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network and its ‘last mile’ logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system.