Saipem (OTCMKTS:SAPMF – Get Free Report) shares saw strong trading volume on Thursday. Approximately 133,351 shares changed hands during mid-day trading, an increase of 2,546% from the previous session’s volume of 5,040 shares. The stock last traded at $4.73 and had previously closed at $4.77.
Saipem Price Performance
The firm has a 50 day moving average of $5.04 and a 200-day moving average of $5.01.
About Saipem
Saipem S.p.A. is an Italian engineering and construction company that provides services for the energy and infrastructure industries. Its activities include project management, engineering, procurement, construction, installation and maintenance for complex onshore and offshore developments.
The company operates across the energy value chain, supporting offshore and onshore oil and gas projects, drilling activities, subsea construction and pipeline infrastructure. Saipem also provides services for liquefied natural gas and other energy infrastructure projects, while expanding its capabilities in offshore wind, renewable energy and lower-carbon solutions.
Founded in 1957, Saipem developed from the construction and drilling activities associated with Italy’s energy sector and has grown into an international contractor.
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