Seatrium (OTCMKTS:SMBMF) Shares Down 6.6% – Here’s What Happened

Seatrium Limited (OTCMKTS:SMBMFGet Free Report)’s share price dropped 6.6% during mid-day trading on Wednesday . The company traded as low as $1.55 and last traded at $1.55. Approximately 1,356 shares traded hands during trading, an increase of 113% from the average daily volume of 637 shares. The stock had previously closed at $1.66.

Seatrium Stock Down 6.6%

The firm’s 50 day moving average is $1.65 and its two-hundred day moving average is $1.68.

About Seatrium

(Get Free Report)

Seatrium is a Singapore‐based integrated marine and offshore engineering group formed through the consolidation of two established industry players in early 2024. Headquartered in Singapore, the company delivers end-to-end solutions across the life cycle of offshore and marine assets. Its core services include engineering, procurement, construction, installation and commissioning (EPCIC) for a broad range of structures, vessels and platforms.

The company’s capabilities span the design and fabrication of offshore drilling rigs, production platforms, floating production, storage and offloading units (FPSOs), as well as the conversion and repair of marine vessels.

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