October 10, 2019 - 3:27 PM EDT
Print Email Article Font Down Font Up Charts

PUMP Stock Soars on Boardroom Reshuffle Following Accounting Probe

PUMP Stock

PUMP stock has gained over 18% on Thursday after ProPetro Holding Corp (NYSE:PUMP) announced a number of changes to its executive leadership team in light of a recent internal probe into the company’s accounting practices.

No Reason to Restate Previous Earnings

The internal audit, which was disclosed in August and has forced the company to delay the release of its quarterly results, was focused on a weakness in internal controls but was expanded to incorporate expense claims and transactions involving executives. ProPetro said that the audit did not uncover any reasons that would require a restatement ...

Get early insight on hidden secret gems on MicroSmallCap. Follow Crypto, Mining, Cannabis and Energy stocks and get free research reports here.

All content provided by MicroSmallCap is subject to our Terms Of Use and Disclaimer.


Source: MicroSmallCap (October 10, 2019 - 3:27 PM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice