Source Energy Services (TSE:SHLE) Stock Price Up 3.1%

Shares of Source Energy Services Ltd. (TSE:SHLE) rose 3.1% during trading on Monday . The company traded as high as C$13.56 and last traded at C$13.50. Approximately 22,465 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 30,911 shares. The stock had previously closed at C$13.10.

Analyst Ratings Changes

Separately, BMO Capital Markets increased their price objective on shares of Source Energy Services from C$18.00 to C$20.00 and gave the company a “market perform” rating in a report on Friday, August 2nd.

Source Energy Services Stock Performance

The company has a market cap of C$182.93 million, a price-to-earnings ratio of 1.16 and a beta of 2.89. The company has a current ratio of 0.59, a quick ratio of 0.22 and a debt-to-equity ratio of 123.18. The stock’s fifty day simple moving average is C$12.31 and its 200 day simple moving average is C$11.80.

Source Energy Services Company Profile

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.