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

Nuverra Environmental Solutions, Inc. (NYSEAMERICAN:NES)’s stock price was up 11.4% during mid-day trading 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 daily volume of 1,113,275 shares. The stock had previously closed at $1.93.

Nuverra Environmental Solutions Stock Up 11.4%

The company’s 50-day simple moving average is $2.15 and its two-hundred day simple moving average is $2.15. The firm has a market cap of $34.40 million, a PE ratio of -1.32 and a beta of 1.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.54.

About Nuverra Environmental Solutions

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.