Source Energy Services (TSE:SHLE) Trading Down 1.8% After Insider Selling

Source Energy Services Ltd. (TSE:SHLE)’s stock price was down 1.8% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as C$13.70 and last traded at C$13.80. Approximately 17,264 shares traded hands during trading, a decline of 50% from the average daily volume of 34,832 shares. The stock had previously closed at C$14.05.

Specifically, insider Catherine Victoria Reynolds sold 2,000 shares of Source Energy Services stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of C$14.25, for a total transaction of C$28,500.00. Following the transaction, the insider directly owned 32,783 shares of the company’s stock, valued at C$467,157.75. The trade was a 5.75% decrease in their position.

Source Energy Services Trading Down 1.8%

The company has a debt-to-equity ratio of 126.37, a quick ratio of 0.22 and a current ratio of 0.61. The stock has a market capitalization of C$183.25 million, a PE ratio of 4.66 and a beta of 2.56. The stock has a 50-day moving average price of C$13.80 and a two-hundred day moving average price of C$11.71.

About Source Energy Services

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.