Evolve Transition Infrastructure, LP (AMEX:SNMP) shares are moving higher on above-average trading volume on Tuesday. Here’s a look at what’s going on.
What To Know:
Shares of SNMP are up by 47% on very heavy trading volume. According to data from Benzinga Pro, more than 1.92 million shares have been traded, far exceeding the stock’s 100-day average of 43,996 shares.
Evolve Transition announced last Wednesday that the NYSE Regulation had withdrawn its delisting determination, and the company’s common units commenced trading on the NYSE American on Monday.
Evolve Transition Infrastructure LP is focused on the acquisition and development of infrastructure of lower carbon energy sources and supply. The Company owns natural gas gathering systems, pipelines, and processing facilities in South Texas.
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SNMP Price Action: According to Benzinga Pro, shares of SNMP are trading 30.9% higher at $10.01 at the time of publication.
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