Eco-Stim Energy Solutions Inc. (ESES) Boosts Basic Materials Sector with Early Advance of 4.77% on February 1

Eco-Stim Energy Solutions Inc. (ESES" target="_new">ESES) is one of the best performing stocks in the basic materials sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on February 1. Shares of ESES" target="_new">ESES have climbed 4.77% about 30 minutes into the session to $1.55 after closing the day prior at $1.48. It’s early, but the stock has traded as high as $1.6 and as low as $1.51 so far. Today's quick advance has come with about 153,101 shares changing hands, compared to an average 30-day volume of 1.11 million for Eco-Stim Energy Solutions Inc.. The price is currently below the 30-day volume weighted average price of $1.56 for ESES" target="_new">ESES.

The share appreciation gives the company a market capitalization of $21.32 million based upon 14.42 million shares outstanding. It also means that ESES has a price-to-book ratio of 0.55:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of ESES" target="_new">ESES have traded as low as $0.66 and as high as $3.38. Technical traders will take note that at $1.55, shares of ESES" target="_new">ESES are trading below their 200-day MA at $2.15 and above their 50-day MA at $1.43. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is ESES?

Eco-Stim Energy Solutions Inc is an early stage technology-driven independent oilfield services company. The Company is engaged in providing well stimulation, coiled tubing and field management services to the upstream oil and gas industry. The company’s 79 employees are led by CEO Jon Christopher Boswell from the corporate headquarters at 2930 W. Sam Houston Pkwy N.

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