North Atlantic Drilling Ltd. (NADL) is Trading Higher on Unusual Volume for December 21

Equities Staff |

North Atlantic Drilling Ltd. (NADL) experienced unusually high volume on Dec. 21, as the stock gained 61.32% to a closing price of $0.37. The stock saw 1.96 million shares trade hands over the course of the day on 2,999 trades. Given that the stock’s average daily volume over the last month has been 599,433 shares a day, this represents a pretty substantial spike over the norm.

North Atlantic Drilling Ltd. has a P/B ratio of 0.18. The stock has traded between $2.37 and $0.21 over the last 52-weeks, its 50-day SMA is now $0.67, and its 200-day SMA $1.02.

North Atlantic Drilling Ltd is engaged in providing offshore drilling services to the oil and gas industry. The Company currently operates exclusively in Norway and the United Kingdom.

Headquartered in Hamilton, , North Atlantic Drilling Ltd. has 1,405 employees and is currently under the leadership of CEO Alf Lovdal.

For a complete fundamental analysis analysis of North Atlantic Drilling Ltd., check out Equities.com’s Stock Valuation Analysis report for NADL. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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

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