Akastor ASA (OTCMKTS:AKKVF) Trading Up 15.4% – Here’s Why

Akastor ASA (OTCMKTS:AKKVFGet Free Report) shares were up 15.4% on Wednesday . The company traded as high as $1.50 and last traded at $1.50. Approximately 1,000 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 1,000 shares. The stock had previously closed at $1.30.

Akastor ASA Price Performance

The stock has a 50 day moving average of $1.12 and a two-hundred day moving average of $1.01.

About Akastor ASA

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Akastor ASA is an Oslo-based industrial investment company dedicated to the offshore energy sector, with a primary focus on oilfield services. Formed in 2014 as a spin-off from Aker Solutions, the company seeks to build and support businesses that deliver critical services to upstream oil and gas operators around the world.

At the core of Akastor’s portfolio is its drilling services arm, which provides drilling rigs, downhole tools and campaign management through its subsidiary Archer.

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