Source Energy Services (TSE:SHLE) Hits New 1-Year Low – Should You Sell?

Shares of Source Energy Services Ltd. (TSE:SHLEGet Free Report) reached a new 52-week low during trading on Friday . The company traded as low as C$7.50 and last traded at C$7.62, with a volume of 36801 shares. The stock had previously closed at C$9.12.

Source Energy Services Trading Down 13.6 %

The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 126.37. The stock has a market cap of C$106.58 million, a PE ratio of 0.63 and a beta of 2.82. The business’s fifty day moving average is C$11.46 and its 200 day moving average is C$13.42.

About Source Energy Services

(Get Free Report)

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.

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