U.S. Silica's Impressive Q3 Earnings Sent Shares Up 10% in November

Shares of frack sand supplier U.S. Silica Holdings (NYSE: SLCA) climbed 10.4% in November. The most significant contributor to last month's gain was the company's third-quarter earnings report, which beat expectations and showed a rather promising future.

2017 has so far been the year that frack sand suppliers were hoping for. In the second half of 2016, drilling activity across North America started to pick back up again, which meant growing demand for sand and other services and supplies for the oil industry. After having to idle several mines to preserve liquidity, U.S. Silica and its peers spent the next year or so reactivating idle capacity, which increased costs and ate into profitability.

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Source: Fool.com