Nuverra Environmental Solutions (NYSEAMERICAN:NES) Stock Price Up 11.4% – Here’s Why

Nuverra Environmental Solutions, Inc. (NYSEAMERICAN:NES)’s stock price rose 11.4% on Wednesday. The stock traded as high as $2.23 and last traded at $2.15. 249,200 shares were traded during mid-day 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 Trading Up 11.4%

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 has a market capitalization of $34.40 million, a P/E ratio of -1.32 and a beta of 1.43. The firm’s 50-day simple moving average is $2.15 and its 200-day simple moving average is $2.15.

Nuverra Environmental Solutions Company Profile

Nuverra Environmental Solutions, Inc was an environmental services company that provided water management and related services to the North American oil and natural gas industry. Its operations focused on helping energy producers source, transport, store, treat, recycle and dispose of water used in drilling and hydraulic fracturing activities.

The company’s services included freshwater sourcing and delivery, produced-water and flowback management, wastewater treatment, water recycling, logistics and disposal through permitted facilities and saltwater disposal wells.