Key Points
- Insider Catherine Victoria Reynolds sold 5,000 Source Energy Services shares at an average price of C$11.02, generating proceeds of C$55,100. She retains 23,785 shares, with the sale reducing her ownership by 17.37%.
- Source Energy Services shares opened at C$10.95 and remain below their 50-day and 200-day moving averages of C$11.86 and C$13.87, respectively. The stock has traded between C$10.34 and C$18.74 over the past year.
- The company reported a quarterly loss of C$0.43 per share on revenue of C$137.12 million, alongside a negative net margin of 2.21% and negative return on equity of 6.25%.
Source Energy Services Ltd. (TSE:SHLE - Get Free Report) insider Catherine Victoria Reynolds sold 5,000 shares of Source Energy Services stock in a transaction on Thursday, September 17th. The shares were sold at an average price of C$11.02, for a total value of C$55,100.00. Following the sale, the insider directly owned 23,785 shares of the company's stock, valued at approximately C$262,110.70. This trade represents a 17.37% decrease in their ownership of the stock.
Source Energy Services Price Performance
SHLE opened at C$10.95 on Tuesday. Source Energy Services Ltd. has a 12-month low of C$10.34 and a 12-month high of C$18.74. The company has a current ratio of 1.22, a quick ratio of 0.22 and a debt-to-equity ratio of 144.16. The business's fifty day simple moving average is C$11.86 and its 200-day simple moving average is C$13.87. The company has a market capitalization of C$142.43 million, a price-to-earnings ratio of -11.53 and a beta of 1.09.
Source Energy Services (TSE:SHLE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C($0.43) EPS for the quarter. The firm had revenue of C$137.12 million for the quarter. Source Energy Services had a negative net margin of 2.21% and a negative return on equity of 6.25%. On average, equities research analysts anticipate that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current fiscal year.
Source Energy Services Company Profile
(
Get Free Report)
Source is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network and its 'last mile' logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
