Saipem (OTCMKTS:SAPMF) Shares Up 11.9%

Saipem SpA (OTCMKTS:SAPMFGet Rating) shot up 11.9% during mid-day trading on Tuesday . The stock traded as high as $1.51 and last traded at $1.51. 1,200 shares changed hands during trading, a decline of 65% from the average session volume of 3,414 shares. The stock had previously closed at $1.35.

Saipem Stock Performance

The company’s 50 day moving average is $1.15 and its 200-day moving average is $0.93.

Saipem Company Profile

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Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through five divisions: Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling, and XSIGHT. It offers engineering, construction, installation of platforms, pipelines, subsea fields, maintenance, modification, operation, and decommissioning activities, as well as develops marine wind farms and energy integration projects.

Further Reading

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