Source Energy Services (TSE:SHLE) Reaches New 52-Week High – Here’s Why

Source Energy Services Ltd. (TSE:SHLE)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$17.34 and last traded at C$17.30, with a volume of 77708 shares. The stock had previously closed at C$16.51.

Source Energy Services Stock Up 4.8%

The firm’s 50 day simple moving average is C$15.12 and its 200-day simple moving average is C$13.77. The company has a market cap of C$227.24 million, a price-to-earnings ratio of 9.77 and a beta of 1.85. 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 (TSE:SHLE) last posted its quarterly earnings data on Thursday, November 6th. The company reported C($0.46) EPS for the quarter. Source Energy Services had a net margin of 24.84% and a return on equity of 95.63%. The business had revenue of C$125.32 million during the quarter. As a group, sell-side analysts anticipate that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current year.

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.