Shares of Pacific Drilling S.A. (OTCMKTS:PACDQ – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $0.04 and traded as high as $0.0505. Pacific Drilling shares last traded at $0.0390, with a volume of 1,917,900 shares changing hands.
Pacific Drilling Price Performance
The company has a 50-day simple moving average of $0.04 and a 200 day simple moving average of $0.04.
Pacific Drilling Company Profile
Pacific Drilling SA was an offshore drilling contractor focused on providing ultra-deepwater drilling services to oil and gas exploration and production companies. The company operated a fleet of sixth-generation drillships designed to drill in deep and technically challenging marine environments.
Its services included contract drilling, well construction support and related offshore operations. Pacific Drilling’s vessels were capable of working in areas such as the Gulf of Mexico, offshore West Africa and offshore Brazil, depending on customer contracts and market conditions.
Founded in 2008 and headquartered in Houston, Texas, Pacific Drilling expanded rapidly during the development of the ultra-deepwater drilling market.
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