Source Energy Services (TSE:SHLE) Hits New 12-Month Low – Here’s Why

Posted by Doug Wharley on Sep 29th, 2026

Source Energy Services Ltd. (TSE:SHLE – Get Free Report)’s share price hit a new 52-week low on Tuesday. The company traded as low as C$9.41 and last traded at C$10.19, with a volume of 5733 shares changing hands. The stock had previously closed at C$10.00.

Source Energy Services Price Performance

The company has a 50 day simple moving average of C$11.59 and a 200 day simple moving average of C$13.63. The company has a market capitalization of C$132.54 million, a price-to-earnings ratio of -10.73 and a beta of 1.09. The company has a quick ratio of 0.22, a current ratio of 1.22 and a debt-to-equity ratio of 144.16.

Source Energy Services (TSE:SHLE – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported C($0.43) earnings per share (EPS) for the quarter. Source Energy Services had a negative return on equity of 6.25% and a negative net margin of 2.21%.The firm had revenue of C$137.12 million for the quarter. As a group, research analysts predict that Source Energy Services Ltd. will post 3.2287234 EPS for the current year.

Insiders Place Their Bets

In related news, insider Catherine Victoria Reynolds sold 5,000 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of C$11.02, for a total value of C$55,100.00. Following the completion of the sale, the insider directly owned 23,785 shares in the company, valued at approximately C$262,110.70. This represents a 17.37% decrease in their position. Company insiders own 11.09% of the company’s stock.

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.