Source Energy Services (TSE:SHLE) Stock Price Down 2.5% – Here’s What Happened

Shares of Source Energy Services Ltd. (TSE:SHLE) traded down 2.5% on Wednesday . The stock traded as low as C$14.52 and last traded at C$14.93. 13,140 shares changed hands during trading, a decline of 26% from the average session volume of 17,671 shares. The stock had previously closed at C$15.31.

Analysts Set New Price Targets

Separately, BMO Capital Markets boosted their price target on Source Energy Services from C$14.00 to C$16.00 in a report on Thursday, November 7th.

Source Energy Services Stock Performance

The stock has a 50-day moving average of C$15.96 and a 200 day moving average of C$13.54. The stock has a market cap of C$192.82 million, a PE ratio of 1.23 and a beta of 2.82. The company has a quick ratio of 0.22, a current ratio of 0.59 and a debt-to-equity ratio of 123.18.

About Source Energy Services

Source Energy Services Ltd. engages in the production and distribution of Northern White frac sand used primarily in oil and gas exploration and production in Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops Sahara, a wellsite mobile sand storage and handling system.