Carbo Ceramics Inc. (CRR) Soars 8.16%

Carbo Ceramics Inc. (CRR) Soars 8.16%

Carbo Ceramics Inc. (CRR) had a good day on the market for Tuesday December 10 as shares jumped 8.16% to close at $0.39. About 607,854 shares traded hands on 1,512 trades for the day, compared with an average daily volume of n/a shares out of a total float of 29.36 million. After opening the trading day at $0.38, shares of Carbo Ceramics Inc. stayed within a range of $0.45 to $0.35.

With today’s gains, Carbo Ceramics Inc. now has a market cap of $11.52 million. Shares of Carbo Ceramics Inc. have been trading within a range of $5.16 and $0.32 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Carbo Ceramics Inc is engaged in the supply of ceramic proppant. The company provides products and services to the oil and gas, and industrial markets worldwide. It operates through the following segments: The Oilfield Technologies and Services segment manufactures and sells ceramic technology products and services, base ceramic proppant and frac sand for both the oilfield and industrial sectors; and Environmental Products and Services segment uses proprietary technology to provide products that are designed to enable its clients to extend the life of their storage assets, reduce the potential for hydrocarbon spill. The firm generates majority revenue from the Oilfield Technologies and Services segment. Geographically, the company operates in the US and other countries.

Carbo Ceramics Inc. is based out of Houston, TX and has some 407 employees. Its CEO is Gary A. Kolstad.

Carbo Ceramics Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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