Saipem (OTCMKTS:SAPMF – Get Free Report) shares rose 4.8% during mid-day trading on Thursday. The company traded as high as $5.00 and last traded at $5.00. Approximately 5,179 shares traded hands during trading, an increase of 3% from the average daily volume of 5,006 shares. The stock had previously closed at $4.77.
Saipem Price Performance
The stock has a 50 day moving average of $5.03 and a 200 day moving average of $4.97.
About Saipem
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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