Source Energy Services Ltd (TSE:SHLE) shares traded down 6.2% during trading on Wednesday . The stock traded as low as C$9.00 and last traded at C$9.10. 7,200 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 37,685 shares. The stock had previously closed at C$9.70.

Separately, Canaccord Genuity reiterated a “buy” rating and issued a C$9.00 target price on shares of Source Energy Services in a report on Wednesday, September 13th. Five investment analysts have rated the stock with a buy rating, Source Energy Services currently has an average rating of “Buy” and an average price target of C$14.60.

The firm’s market cap is $469.71 million. The firm’s 50 day moving average is $7.70 and its 200 day moving average is $8.43.

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Source Energy Services Company Profile

Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand primarily to the Western Canadian Sedimentary Basin. The Northern White frac sand is a preferred proppant used to enhance hydrocarbon recovery in the hydraulic fracturing of oil and natural gas wells. Source Energy Services Ltd.

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