Enservco Faces Financial Default and Leadership Changes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
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Source: Business Insider
Enservco Financial Update: Enservco Corporation has received a Notice of Event of Default from Star Equity Holdings regarding a $1,000,000 promissory note due to non-payment, which may affect its financial stability and stakeholder confidence. The company also experienced the resignation of key executives, including Director Richard K. Coleman, Jr. and CFO Mark Patterson.
Stock Performance Overview: Year-to-date, Enservco's stock performance has declined by 64%, with an average trading volume of 573,398 and a current market cap of $4.13 million, while the technical sentiment consensus rating remains a "Buy."
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
