Shares of Saipem (OTCMKTS:SAPMF – Get Free Report) saw strong trading volume on Tuesday. Approximately 17,758 shares were traded during mid-day trading, an increase of 268% from the previous session’s volume of 4,831 shares. The stock last traded at $4.90 and had previously closed at $5.00.
Saipem Price Performance
The company’s 50 day simple moving average is $5.00 and its 200 day simple moving average is $4.91.
About Saipem
Saipem S.p.A. is an Italian engineering and construction company that provides services to the energy and infrastructure industries. Its activities include engineering, procurement, construction, project management and installation for complex projects in offshore and onshore environments.
The company supports the development and operation of oil and gas infrastructure, including offshore platforms, subsea systems, pipelines, drilling services, refineries and liquefied natural gas facilities.
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