North Atlantic Drilling Ltd (NADL) is Trading Higher on Unusual Volume for January 01

Equities Staff |

North Atlantic Drilling Ltd (NADL) experienced unusually high volume on Jan. 01, as the stock gained 6.91% to a closing price of $2.46. The stock saw 512,450 shares trade hands over the course of the day on 1,239 trades. Given that the stock’s average daily volume over the last month has been 80,519 shares a day, this represents a pretty substantial spike over the norm.

North Atlantic Drilling Ltd has a P/B ratio of 0.12. The stock has traded between $23.70 and $2.10 over the last 52-weeks, its 50-day SMA is now $5.59, and its 200-day SMA $9.84.

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

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