Why Greenhunter Resources (GRH) Stock Is Jumping Today

NEW YORK (TheStreet) -- Shares of Greenhunter Resources Inc. (GRH) are surging higher by 13.79% to $2.97 on heavy trading volume on Tuesday after the company announced its plans to form a master limited partnership.

The company provides total water management solutions to oil and gas operators who are operating in the Eagle Ford, Marcellus, and Bakken shale plays.

The company says that utilizing an MLP structure will be the most efficient way for Greenhunter to fund future capital needs.

Must Read: Warren Buffett's 25 Favorite Stocks

GRH Chart GRH data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers