Independence Contract Drilling Inc. (ICD) Plunges 5.06% on June 29

Equities Staff  |

Independence Contract Drilling Inc. (ICD) had a rough trading day for Monday June 29 as shares tumbled 5.06%, or a loss of $-0.2 per share, to close at $3.75. After opening the day at $4.01, shares of Independence Contract Drilling Inc. traded as high as $4.01 and as low as $3.73. Volume was 117,488 shares over 1,208 trades, against an average daily volume of n/a shares and a total float of 3.82 million.

As a result of the decline, Independence Contract Drilling Inc. now has a market cap of $14.31 million. In the last year, shares of Independence Contract Drilling Inc. have traded between a range of $37.80 and $1.09, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Independence Contract Drilling Inc., check out’s Stock Valuation Analysis report for ICD.

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Independence Contract Drilling Inc is engaged in providing land-based contract drilling services for oil and natural gas producers. The company constructs its own and operates a premium land rig fleet. It develops and assembles its ShaleDriller series rig which is used for the development of oil and gas properties. The company's customers for contract drilling services in the United States include oil and natural gas companies, independent oil and natural gas companies, as well as various small to mid-sized publicly-traded and privately held oil and gas companies.

Independence Contract Drilling Inc. is based out of Houston, TX and has some 650 employees. Its CEO is J. Anthony Gallegos.

Independence Contract Drilling Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Independence Contract Drilling Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: ICD’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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