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U.S. Silica Holdings (SLCA) mines, processes, and sells commercial silica in the United States.
It operates in two segments, Oil & Gas Proppants and Industrial & Specialty Products.
The company offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, as well as in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products. It also provides ground commercial silica products for use in plastics, rubber, polishes, cleansers, paints, glazes, textile fiberglass, and precision castings; and fine ground silica for use in premium paints, specialty coatings, sealants, silicone rubber, and epoxies.
In addition, the company offers other industrial mineral products, such as aplite, a mineral used to produce container glass and insulation fiberglass; calcined kaolin clay, a mineral primarily used as a functional extender in paints, plastics, specialty coatings, and rubber; and adsorbent made from a mixture of silica and magnesium for preparative and analytical chromatography applications.
It serves oil and gas recovery markets, as well as various industries, including container glass, fiberglass, specialty glass, flat glass, building products, fillers and extenders, foundry products, chemicals, recreation products, and filtration products.
Shares have formed a bullish "cup & handle" and higher share prices are expected. We are now hearing rumors that when the firm reports on February 25, the report will be a strong one!
52-Week Trading Range: $17.05 - $37.14
Entry Point: $30.00
Stop Loss: $28.50
Target Price: $33.00
We are taking profits on SLCA. Position closed at $33.50.
