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GreenHunter Resources up 21 Percent Friday on Favorable Article (GRH)

Shares of GreenHunter Resources (NYSE: GRH) were up 21 percent in Friday trading after a piece published on Seeking Alpha.

In the article, the author says that with the popularity of fracking, the method of extracting oil from shale, companies that find ways to clean and recycle the waste water stand to benefit. GreenHunter Resources saw its revenue grow by 279 percent year over year and disposed barrels of water grow from 317,000 to 1.1 million.

The author goes on to say that although the company lost $7.2 million for the quarter, this microcap stock is well-positioned to take advantage of new laws that require better disposal of the waste water.

Read the complete article here.

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

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