Source Energy Services Ltd (TSE:SHLE) dropped 4.8% during mid-day trading on Monday . The stock traded as low as C$0.20 and last traded at C$0.20, approximately 116,500 shares traded hands during trading. An increase of 90% from the average daily volume of 61,458 shares. The stock had previously closed at C$0.21.
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SHLE has been the topic of several recent analyst reports. Canaccord Genuity cut their price objective on Source Energy Services from C$1.00 to C$0.75 in a report on Friday, August 16th. BMO Capital Markets cut their price objective on Source Energy Services from C$1.00 to C$0.50 in a report on Tuesday, September 10th. Finally, TD Securities upgraded Source Energy Services from a “reduce” rating to a “hold” rating in a report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of C$1.30.
The company has a market cap of $10.36 million and a price-to-earnings ratio of -0.12. The company has a current ratio of 1.55, a quick ratio of 0.55 and a debt-to-equity ratio of 114.81. The business has a fifty day moving average price of C$0.36 and a two-hundred day moving average price of C$0.66.
About Source Energy Services (TSE:SHLE)
Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops wellsite mobile sand storage and handling system.
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