Nuverra Environmental Solutions (NYSEAMERICAN:NES) Shares Up 11.4% – Here’s What Happened

Shares of Nuverra Environmental Solutions, Inc. (NYSEAMERICAN:NES) were up 11.4% during trading on Wednesday. The company traded as high as $2.23 and last traded at $2.15. 249,200 shares traded 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 stock’s 50-day moving average price is $2.15 and its two-hundred day moving average price is $2.15. The stock has a market capitalization 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.

Nuverra Environmental Solutions Company Profile

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.