Shelf Drilling (OTCMKTS:SHLLF) Trading Up 25% – What’s Next?

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) traded up 25% during mid-day trading on Friday . The stock traded as high as $1.75 and last traded at $1.75. 5,000 shares were traded during mid-day trading, a decline of 86% from the average session volume of 35,177 shares. The stock had previously closed at $1.40.

Shelf Drilling Price Performance

The firm has a fifty day moving average of $1.31 and a 200-day moving average of $0.87.

Shelf Drilling Company Profile

Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and North Sea. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells, and associated services using the rigs of the company’s owned fleet and related equipment.