Why US Silica's Stock Is Trading Higher Today

U.S. Silica Holdings, Inc. SLCA shares are trading higher after the company announced it will receive $128 million in consideration including $90 million in cash related to customer dispute settlement.

On June 28, the company entered into an agreement to settle a customer dispute regarding fees related to minimum purchase commitments from 2014-2020.

U.S. Silica is one of the leading suppliers of sand used in hydraulic fracturing of oil and gas wells.

U.S. Silica's stock was trading about 17.8% higher at $13.62 per share at the time of publication. The stock has a 52-week high of $15.38 and a 52-week low of $2.42.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Small CapMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!