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Saipem SpA (OTCMKTS:SAPMY – Get Free Report)’s share price shot up 2.2% during mid-day trading on Thursday . The company traded as high as $0.50 and last traded at $0.50. 15,995 shares traded hands during mid-day trading, an increase of 54% from the average session volume of 10,405 shares. The stock had previously closed at $0.49.
Saipem Price Performance
The company has a 50 day simple moving average of $0.45 and a 200 day simple moving average of $0.44.
About Saipem
Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.
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