Source Energy Services (TSE:SHLE) Shares Cross Below 50-Day Moving Average – Time to Sell?

Source Energy Services Ltd. (TSE:SHLE) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$14.66 and traded as low as C$13.51. Source Energy Services shares last traded at C$14.31, with a volume of 2,520 shares.

Source Energy Services Trading Up 0.8%

The company has a debt-to-equity ratio of 142.54, a quick ratio of 0.22 and a current ratio of 1.38. The company has a 50 day simple moving average of C$14.66 and a two-hundred day simple moving average of C$15.54. The company has a market cap of C$186.99 million, a PE ratio of 29.20 and a beta of 1.35.

Source Energy Services (TSE:SHLE) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($0.25) earnings per share (EPS) for the quarter. The company had revenue of C$160.22 million during the quarter. Source Energy Services had a return on equity of 2.93% and a net margin of 0.95%. Sell-side analysts forecast that Source Energy Services Ltd. will post 3.2287234 EPS for the current year.

Insider Buying and Selling

In other Source Energy Services news, insider Catherine Victoria Reynolds sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of C$14.72, for a total value of C$66,240.00. Following the transaction, the insider owned 28,283 shares in the company, valued at approximately C$416,325.76. This represents a 13.73% decrease in their position. Insiders own 11.09% of the company’s stock.

Source Energy Services Company Profile

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.