Vantage Drilling (OTCMKTS:VTGDF) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Vantage Drilling Co. (OTCMKTS:VTGDF) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.0001. Vantage Drilling shares last traded at $0.00, with a volume of 0 shares changing hands.

Vantage Drilling Trading Down 100.0%

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