Smart Sand Inc. (NASDAQ:SND) traded at a new 52-week high today of $3.41. Approximately 545,000 shares have changed hands today, as compared to an average 30-day volume of 479,000 shares.
Smart Sand Inc. (NASDAQ:SND) defies analysts with a current price ($3.23) 27.6% above its average consensus price target of $2.34.
Over the past year, Smart Sand Inc. has traded in a range of $0.55 to $3.41 and is now at $3.23, 487% above that low.
Smart Sand, which started operations in 2012 and debuted as a public company in fall of 2016, produces frac sand proppant. From its flagship location at Oakdale, Wisconsin, the company is able to ship sand via unit trains on either the Canadian Pacific or Union Pacific railways to virtually all major U.S. oil and gas basins. The company’s reserve base is centered on finer-mesh sands, which are the preferred sand grades for the slickwater fracs predominant in U.S. shale hydraulic fracturing.
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