Home Financial Markets Penny Stocks What Factors Caused The Energy And Environmental Services (EESE) Stock To Rise...

What Factors Caused The Energy And Environmental Services (EESE) Stock To Rise 188% On Friday?

On Friday, Energy & Environmental Services Inc [OTC: EESE] traded 188.00% higher than the previous close as it went up by $0.1175 to close the trading at $0.1800. Against the 30-day Average Volume of 67.45K, the EESE stock recorded a Volume of 1.00M. A spike in EESE shares price occurred without any linked news that could have accelerated this increase.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

However, The EESE’s business model and stock performance as well as its latest financials may provide more meaningful insight into its potential.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Read More

Energy & Environmental Services has owned and operated factories and warehouses in Oklahoma and Texas since 1991. Chemicals are manufactured, blended, and packaged at EESE to meet the needs of the oil & gas, agriculture, protective coating, and agriculture industries. EESE is divided into three product segments of Enduro-Tech for chemicals, Enduro-Bond for coatings, and Eco-Zyme for enzyme products. Patriot Chemicals and Graham Trucking are two of the Energy & Environmental Services’ subsidiaries. EESE has also developed new products and applications for livestock feed supplements and enzyme system technologies.

When measured by performance, the EESE stock did 221.43% during the previous week, and 102.25% in the past month. A rise of 260.00% was seen in quarterly performance, but the growth of 81.82% was seen in annual performance, with EESE’s YTD performance of 260% and 259.28% for the past six months. It has been trading between $0.0387 – $0.4300 over the last 52 weeks, which corresponds to a rise of 365% to the 52-week low, but a drop of -138% from the 52-week high.

In its most recent financial results, the total full-year revenue of Energy & Environmental Services increased from $7,201,300 to $8,566,800 in 2019. As a result, the cost of sale margins increased, going from 52.0% of sales in 2018 to 34.0% of sales in 2019. Even with these increases, EESE struggled to make a profit in 2019 with a net loss of $414,400 versus a profit of $39,300 in 2018. In 2019, the loss was mainly due to increased general and administrative costs which resulted from the acquisition of Patriot Chemicals and Graham Trucking.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

Finally,

The Energy and Environmental Services (EESE) is likely to be posting better financial results this time that are anticipated to be released this week or next. The EESE stock may continue rising before the release of the results as investors’ sentiments are improving.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

TD Holdings Inc. (GLG) stock gains during current market trading. Here’s the recent update

TD Holdings Inc. (NASDAQ: GLG) stock gains by 5.01% in the current market trading session. TD Holdings, Inc. is a service provider in China...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

NeuroMetrix Inc. (NURO) stock plunged during pre-market. Let’s find out why?

NeuroMetrix Inc. (NASDAQ: NURO) stock gained by 18.89% at last close while the NURO stock price losses by -4.12% in the pre-market trading session....

Related News

What Caused The Sino United Worldwide (SUIC) Stock To Drop 50%?

In the last session, the price of Sino United Worldwide Consolidated Ltd (OTCPink: SUIC) spiraled -50.82% to $5.4000. During the session, Sino United's stock...

On What Basis Did HIRU Stock Rise 43%?

Hiru Corp stock blasted into the green at the previous close, rising 43.00% to $0.0143. Volume was 65.87 million against 30-day Average Volume...

Is There Any Reason As To Why The BIGG Digital (BBKCF) Stock Expanded By 30%?

A share of BIGG Digital Assets Inc (OTCQX: BBKCF) rose 30.78 at yesterday's close, to $1.4670. There was an increase in volume of BIGG...

Why Has The Ascot (AOTVF) Stock Price Gained 20%?

The stock of Ascot Resources Ltd (OTCQX: AOTVF) gained significantly as it increased by 20.50% to $0.8858 at last close. The Ascot stock price...

How Does The KinerjaPay (KPAY) Stock Price Increase By 454%?

The payment gateway and eCommerce company KierjaPay Corporation (OTCPink: KPAY) closed Tuesday's trading session at $0.0122, up 454.55%, and has been trading in a...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam