SLCA - Emerge Energy Board Member Addition: Update
Emerge Energy (EMES) saw shares fall particularly hard the day after an article was published that was focused around the company’s decision to add another board member. The day the article was posted, shares actually rallied 3%. The next day, shares fell nearly 10%, which tells me the stock price drop was not article related.
As the last article said, Emerge has been trading inversely to the market recently, as most speculative names do. The move down on Friday on the back of the article did understandably have the ability to scare some