Source Energy Services (TSE:SHLE) Sets New 1-Year High – Here’s What Happened

Shares of Source Energy Services Ltd. (TSE:SHLE) reached a new 52-week high on Monday . The stock traded as high as C$17.74 and last traded at C$16.85, with a volume of 4605 shares traded. The stock had previously closed at C$17.64.

Source Energy Services Price Performance

The company has a market capitalization of C$222.90 million, a PE ratio of 9.59 and a beta of 1.16. The company has a debt-to-equity ratio of 126.37, a current ratio of 0.61 and a quick ratio of 0.22. The company’s 50 day simple moving average is C$16.20 and its 200 day simple moving average is C$14.11.

About Source Energy Services

Source Energy Services Ltd is a Canada based company engaged in the production, supply, and distribution of Northern White frac sand, as well as the distribution of other bulk completion materials not produced by the company. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system.