Shelf Drilling (OTCMKTS:SHLLF) Trading Up 15.4% – Here’s Why

Shelf Drilling, Ltd. (OTCMKTS:SHLLFGet Free Report)’s stock price was up 15.4% on Monday . The stock traded as high as $0.75 and last traded at $0.75. Approximately 1,000 shares changed hands during trading, a decline of 92% from the average daily volume of 13,046 shares. The stock had previously closed at $0.65.

Shelf Drilling Stock Performance

The stock’s fifty day simple moving average is $0.76 and its 200-day simple moving average is $1.09.

Shelf Drilling Company Profile

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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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