An investigation on behalf of investors of U.S. Silica Holdings, Inc. (NYSE: SLCA) shares over potential securities laws violations by U.S. Silica Holdings, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of U.S. Silica Holdings, Inc. (NYSE: SLCA) concerning whether a series of statements by U.S. Silica Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Frederick, MD based U.S. Silica Holdings, Inc. produces and sells commercial silica in the United States. U.S. Silica Holdings, Inc. reported that its annual Total Revenue rose from $559.62 million in 2016 to over $1.24 billion in 2017 and that its Net Loss of $41.05 million in 2016 turned into a Net Income in $145.2 million in 2017.

On March 26, 2018, U U.S. Silica Holdings, Inc. announced that it has entered into a agreement to buy EP Minerals in an all-cash deal worth $750 million.

Shares of U.S. Silica Holdings, Inc. (NYSE: SLCA) declined from $33.76 per share in May 2018 to as low as $17.92 per share in September 2018.