Shelf Drilling, Ltd. (OTCMKTS:SHLLF – Get Free Report) dropped 8.6% during mid-day trading on Tuesday . The stock traded as low as $1.70 and last traded at $1.70. Approximately 1,000 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 28,232 shares. The stock had previously closed at $1.86.
Shelf Drilling Stock Down 8.6%
The firm has a 50 day moving average price of $1.66 and a 200-day moving average price of $1.16.
About Shelf Drilling
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.
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