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The latest announcement is out from Shelf Drilling ( (SHLLF) ).
Shelf Drilling has increased its share capital by issuing 544,147 new common shares, settling restricted stock units under its Long-Term Incentive Plan. This move adjusts the company’s issued share capital to USD 2,563,907.99. The increase in share capital reflects the company’s ongoing strategic initiatives and may influence its market positioning by enhancing its financial structure and shareholder value.
More about Shelf Drilling
Shelf Drilling is a prominent international contractor specializing in shallow water offshore drilling, with operations across the Middle East, Southeast Asia, India, West Africa, the Mediterranean, and the North Sea. Established in 2012, the company has gained recognition for its strategic approach and strong relationships with leading clients. Shelf Drilling is headquartered in Dubai and is listed on the Oslo Stock Exchange.
YTD Price Performance: -16.70%
Average Trading Volume: 29,815
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $201.7M
For an in-depth examination of SHLLF stock, go to TipRanks’ Stock Analysis page.
