Saipem (OTCMKTS:SAPMF – Get Free Report) shares shot up 4.8% on Thursday. The company traded as high as $5.00 and last traded at $5.00. Approximately 5,179 shares changed hands during trading, an increase of 3% from the average session volume of 5,006 shares. The stock had previously closed at $4.77.
Saipem Stock Performance
The business’s 50-day simple moving average is $5.01 and its 200 day simple moving average is $4.96.
Saipem Company Profile
Saipem S.p.A. is an Italian engineering and construction company serving the energy and infrastructure industries. The company provides engineering, procurement, construction and project management services for complex projects, with capabilities spanning offshore and onshore facilities, subsea infrastructure, pipelines and energy transition-related developments.
Saipem’s activities include offshore construction and installation, subsea field development, drilling services, onshore plants, liquefied natural gas and gas infrastructure projects, as well as fabrication and maintenance services.
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