November 25, 2016 - By Ruchi Gupta
Interested investors have been looking for information on shares of NUVERRA ENVIRONMENTAL SOLUTIONS (OTCMKTS:NESC) after the stock moved $-0.005, hitting the $0.175 price point in a recent trade.
It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, NUVERRA ENVIRONMENTAL SOLUTIONS’s stock was big mover. According to the short interest report published recently, (NESC) had 252,700 shorted shares for 5.7 days to cover. The prior short interest was 253,000 for a $-0.12 change. The 52-Week High and Low are noted here. -81.58% (High), 34.62%, (Low). The stock had 44,500 average volume.
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Penny stocks are often stated as risky investments that hardly pay off. Admittedly, there is fact to this, but with the right knowledge and tactics, it is possible to earn a significant amount of gain in penny stocks. Simply said, a penny stock is an equity that trades at a low price.
Irrespective of the name, penny stocks usually are priced over a penny, occupying a price range at or close to $1, though some are priced a fraction of a penny. Often referred to as micro-cap equities, the Securities & Exchange Commission classifies these types of securities as being $5 or less. Over-the-counter stocks are NOT listed on any of the formal exchanges.
So, penny stocks frequently fit in this segment, though many dodge this category. Over-the-counter (OTC) equities are stated to be risky as they aren’t contingent to the listing and reporting requirements of the reputed commodity exchanges.
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Penny shares can be listed on NASDAQ or other known stock exchanges, although many more cannot be found there. A major percentage of penny stocks are listed on the so-named ‘pink sheets’, i.e., daily news of OTC shares. They can even be seen on the ‘Over-the-Counter Bulletin Board.’ Commodities listed on the OTCBB fail to fulfill the listing guidelines of the NYSE or other known exchanges, although they are mandated to file financial statements with known regulators, such as the SEC. Penny shares are inexpensive, thus attractive to shareholders who lack the funds to buy comparatively expensive blue-chip stocks from large firms.
Penny stocks boast immense profit potential. Because these stocks trade cheap, even a slight jump in price turns to be profitable. Look out, however, because frequently shareholders may have trouble getting a decent amount of details about penny stocks. These kinds of shares tend to be latest in news, with almost no track record for investors research.
In addition, penny stocks show lack of market activity, with poor liquidity, making them difficult to sell. Poor liquidity results in penny stocks to be open to price influence.
A shady trader can simply buy large sums of shares, temporarily leading up the price, crafting artificial demand.
Disclaimer: Nothing mentioned in this publication is planned to constitute legal, securities, tax, or investment advice, nor a viewpoint regarding the relevance of any investment, nor any type of solicitation. The general information mentioned in this article should not be acted upon without getting specific tax, legal and investment advice from a certified professional.
More notable recent Nuverra Environmental Solutions Inc (OTCMKTS:NESC) news were published by: Prnewswire.com which released: “Nuverra Announces Second-Quarter And Year-To-Date 2016 Results” on August 08, 2016, also Fool.com with their article: “Is Nuverra Environmental Solutions, Inc. Destined for Greatness?” published on April 28, 2014, Prnewswire.com published: “Nuverra Announces Results Of Special Meeting Of Stockholders” on May 26, 2016. More interesting news about Nuverra Environmental Solutions Inc (OTCMKTS:NESC) were released by: Prnewswire.com and their article: “Nuverra Enters Into Restructuring Support Agreement With Holders Of More Than …” published on March 11, 2016 as well as Fool.com‘s news article titled: “2 Big Reasons to Sell Nuverra Environmental Solutions, Inc.” with publication date: March 18, 2014.
Nuverra Environmental Solutions, Inc. provides environmental solutions to clients focused on the development and production of oil and natural gas from shale formations. The company has a market cap of $30.14 million. The Company’s environmental solutions include delivery, collection, treatment, recycling, disposal of water, wastewater, waste fluids, hydrocarbons, and restricted solids that are part of the drilling, completion, and production of shale oil and natural gas. It currently has negative earnings. The Firm operates through three divisions, which include the Northeast division comprising the Marcellus and Utica Shale areas; the Southern division comprising the Haynesville, Eagle Ford and Permian Basin Shale areas, and the Rocky Mountain division comprising the Bakken Shale area.
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By Ruchi Gupta