Source Energy Services (OTCMKTS:SCEYF) Shares Up 21.8% – Still a Buy?

Source Energy Services Ltd. (OTCMKTS:SCEYFGet Free Report)’s share price shot up 21.8% during mid-day trading on Thursday . The company traded as high as $11.22 and last traded at $10.84. 11,200 shares traded hands during mid-day trading, an increase of 439% from the average session volume of 2,079 shares. The stock had previously closed at $8.90.

Source Energy Services Price Performance

The business’s 50-day moving average price is $8.95 and its 200-day moving average price is $9.10.

About Source Energy Services

(Get Free Report)

Source Energy Services Ltd. engages in the production and distribution of Northern White frac sand used primarily in oil and gas exploration and production in Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops Sahara, a wellsite mobile sand storage and handling system.

Further Reading

Receive News & Ratings for Source Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Source Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.