Insider Buying: Source Energy Services Ltd. (TSE:SHLE) Director Buys 2,500 Shares of Stock

Source Energy Services Ltd. (TSE:SHLE) Director Scott Melbourn bought 2,500 shares of Source Energy Services stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of C$9.85 per share, for a total transaction of C$24,625.00.

Source Energy Services Stock Performance

Shares of SHLE stock opened at C$9.61 on Monday. The business’s 50 day simple moving average is C$13.79 and its 200 day simple moving average is C$13.84. Source Energy Services Ltd. has a one year low of C$9.14 and a one year high of C$18.45. The stock has a market capitalization of C$129.97 million, a PE ratio of 0.77 and a beta of 2.82. The company has a debt-to-equity ratio of 126.37, a current ratio of 0.61 and a quick ratio of 0.22.

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.