Vantage Drilling (OTCMKTS:VTGDF) Shares Cross Above 200-Day Moving Average – Here’s Why

Shares of Vantage Drilling Co. (OTCMKTS:VTGDF) passed above its 200-day moving average during trading on Wednesday. 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 7,500 shares changing hands.

Vantage Drilling Price Performance

Vantage Drilling Company Profile

Vantage Drilling is an offshore drilling contractor that provides drilling services to oil and gas exploration and production companies. Its business is centered on the operation of mobile offshore drilling units, including ultra-deepwater drillships and other specialized rigs used to explore for and develop offshore hydrocarbon resources.

The company’s drilling units are designed to operate in challenging offshore environments and support activities such as exploratory drilling, appraisal wells and development drilling.