Nuverra Environmental Solutions, Inc. (NYSEAMERICAN:NES – Get Free Report) shares shot up 11.4% on Wednesday. The company traded as high as $2.23 and last traded at $2.15. Approximately 249,200 shares changed hands during trading, a decline of 78% from the average session volume of 1,113,275 shares. The stock had previously closed at $1.93.
Nuverra Environmental Solutions Price Performance
The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average is $2.15 and its 200-day moving average is $2.15. The company has a market cap of $34.40 million, a PE ratio of -1.32 and a beta of 1.43.
About Nuverra Environmental Solutions
Nuverra Environmental Solutions, Inc was an environmental services company that provided water management solutions primarily to the North American oil and natural gas industry. Its services supported the handling of water used in hydraulic fracturing and other exploration and production activities.
The company’s activities included water sourcing, transportation, storage, recycling, treatment and disposal. Nuverra also operated or supported infrastructure such as pipelines, impoundments and disposal facilities, helping producers manage both freshwater supplies and produced or flowback water generated during drilling and production.
Historically, Nuverra served major U.S.
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