Vantage Drilling (OTCMKTS:VTGDF) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Vantage Drilling Co. (OTCMKTS:VTGDF) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.0001. Vantage Drilling shares last traded at $0.0001, with a volume of 10,114 shares.

Vantage Drilling Trading Down 90.9%

Vantage Drilling (OTCMKTS:VTGDF) last announced its quarterly earnings results on Tuesday, November 25th. The offshore driller reported ($1.00) earnings per share for the quarter. Vantage Drilling had a negative return on equity of 22.55% and a net margin of 56.97%.The business had revenue of $23.33 million for the quarter.

Vantage Drilling Company Profile

Vantage Drilling International, trading on the OTCMKTS under the symbol VTGDF, is a Bermuda‐incorporated offshore drilling contractor that owns and operates a fleet of floating drilling rigs. The company specializes in contract drilling services to exploration and production companies in the oil and gas sector. Its operations encompass drilling program planning, rig mobilization, drilling operations management and well construction support, leveraging a blend of engineering expertise and technical rig capabilities to meet client requirements in challenging offshore environments.

The company’s rig fleet includes both mid-water floaters and deepwater units equipped to handle exploration and development drilling in water depths ranging from several hundred to several thousand feet.