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

Nuverra Environmental Solutions, Inc. (NYSEAMERICAN:NES) shares traded up 11.4% during trading on Wednesday. The stock traded as high as $2.23 and last traded at $2.15. Approximately 249,200 shares were traded 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 Price Performance

The business’s 50 day moving average price is $2.15 and its 200 day moving average price is $2.15. The stock has a market capitalization of $34.40 million, a P/E ratio of -1.32 and a beta of 1.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.54 and a quick ratio of 1.40.

About Nuverra Environmental Solutions

Nuverra Environmental Solutions, Inc. was an environmental and water-management company serving the North American oil and natural gas industry. The company provided services designed to help exploration and production companies manage water used during drilling, hydraulic fracturing and production activities. Its services included water sourcing, transportation, storage and containment, as well as the collection, treatment, recycling and disposal of produced water and flowback fluids. Nuverra also operated or supported saltwater disposal facilities and related infrastructure, helping customers handle wastewater and other materials associated with energy production.