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The latest update is out from Shelf Drilling ( (SHLLF) ).
Shelf Drilling announced the issuance of 544,147 new common shares as part of its 2017 Long-Term Incentive Plan, providing primary insiders with shares as settlement for restricted stock units. This move indicates the company’s commitment to rewarding its executives and aligns with its strategic operations, potentially impacting investor perceptions and market positioning.
More about Shelf Drilling
Shelf Drilling is an international offshore drilling contractor specializing in shallow water operations. Founded in 2012, the company operates rigs across regions such as the Middle East, Southeast Asia, India, West Africa, the Mediterranean, and the North Sea. With its corporate headquarters in Dubai, United Arab Emirates, Shelf Drilling is listed on the Oslo Stock Exchange under the ticker SHLF.
YTD Price Performance: -16.81%
Average Trading Volume: 31,647
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $203.1M
See more insights into SHLLF stock on TipRanks’ Stock Analysis page.
