North Atlantic Drilling Ltd (NADL) Jumps 6.91% on January 01

Equities Staff |

North Atlantic Drilling Ltd (NADL) was among the biggest gainers on the Russell 2000 for Friday January 01 as the stock popped 6.91% to $2.46, representing a gain of $0.159 per share. Some 512,450 shares traded hands on 1,239 trades, compared with an average daily volume of 60,355 shares out of a total float of 24.11 million. The stock opened at $2.47 and traded with an intraday range of $2.81 to $2.12.

After today's gains, North Atlantic Drilling Ltd reached a market cap of $59.32 million. North Atlantic Drilling Ltd has had a trading range between $23.70 and $2.10 over the last year, and it had a 50-day SMA of $5.59 and a 200-day SMA of $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.

North Atlantic Drilling Ltd is based out of Hamilton, and has some 1,405 employees. Its CEO is 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.

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.

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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