soared over 112% and its traded volume rose over 1.7 million shares.Most probably the high trade was provoked by the recent positive news by Environmental Service.
Over the last couple of days, the company reported the closing of its $200 million debt financing, as well as the engagement of Bloomfield Advisors to perform the financial and consulting services of ESP.
Obviously, these announcements have risen the investors’ interest in the stock and it started to climb.
Environmental Service Professionals, Inc. owns and operates a comprehensive suite of businesses dealing with energy efficiency, environmental issues and resolving environmentally sensitive problems in both residential and commercial markets.[BANNER]
According to the records, the shares of ESP used to be traded almost 50% higher this summer, though in August the stock price entered into a downtrend. Currently, the up move is on again, however, it’s unpredictable.
Again in August, Mr. Peter Donato, CFO of ESP, resigned from his position in the company and a new CFO was appointed on an interim basis. Besides, the historical data shows that Environmental Service has not provided any financial reports since September 2009, except the announcement about its closed debt financing.
In the meantime, the company’s losses have been increasing and traders should better keep an eye on the future movement of ESP stock.
