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

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

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

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.