November 25, 2016 - By Ellis Scott
Interested investors have been looking for information on shares of VANTAGE DRILLING COMPANY (OTCMKTS:VTGDF) after the stock moved $-0.00048, hitting the $0.0095 price point in a recent trade.
It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, VANTAGE DRILLING COMPANY’s stock was big mover. According to the short interest report published recently, (VTGDF) had 5.58 million shorted shares for 15.3 days to cover. The prior short interest was 5.63M for a $-0.94 change. The 52-Week High and Low are noted here. -68.33% (High), Infinity, (Low). The stock had 363,400 average volume.
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Penny stocks are often stated as risky investments that hardly pay off. Admittedly, there is fact to this, but with the right knowledge and tactics, it is possible to earn a significant amount of gain in penny stocks. Simply said, a penny stock is an equity that trades at a low price.
Irrespective of the name, penny stocks usually are priced over a penny, occupying a price range at or close to $1, though some are priced a fraction of a penny. Often referred to as micro-cap equities, the Securities & Exchange Commission classifies these types of securities as being $5 or less. Over-the-counter stocks are NOT listed on any of the formal exchanges.
So, penny stocks frequently fit in this segment, though many dodge this category. Over-the-counter (OTC) equities are stated to be risky as they aren’t contingent to the listing and reporting requirements of the reputed commodity exchanges.
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Penny shares can be listed on NASDAQ or other known stock exchanges, although many more cannot be found there. A major percentage of penny stocks are listed on the so-named ‘pink sheets’, i.e., daily news of OTC shares. They can even be seen on the ‘Over-the-Counter Bulletin Board.’ Commodities listed on the OTCBB fail to fulfill the listing guidelines of the NYSE or other known exchanges, although they are mandated to file financial statements with known regulators, such as the SEC. Penny shares are inexpensive, thus attractive to shareholders who lack the funds to buy comparatively expensive blue-chip stocks from large firms.
Penny stocks boast immense profit potential. Because these stocks trade cheap, even a slight jump in price turns to be profitable. Look out, however, because frequently shareholders may have trouble getting a decent amount of details about penny stocks. These kinds of shares tend to be latest in news, with almost no track record for investors research.
In addition, penny stocks show lack of market activity, with poor liquidity, making them difficult to sell. Poor liquidity results in penny stocks to be open to price influence.
A shady trader can simply buy large sums of shares, temporarily leading up the price, crafting artificial demand.
Disclaimer: Nothing mentioned in this publication is planned to constitute legal, securities, tax, or investment advice, nor a viewpoint regarding the relevance of any investment, nor any type of solicitation. The general information mentioned in this article should not be acted upon without getting specific tax, legal and investment advice from a certified professional.
More notable recent Vantage Drilling Company (OTCMKTS:VTGDF) news were published by: Wsj.com which released: “Vantage Drilling Files for Bankruptcy Protection” on December 03, 2015, also Wsj.com with their article: “Vantage Drilling Wins Confirmation of Chapter 11 Plan” published on January 14, 2016, Bizjournals.com published: “Vantage Drilling to restructure business, files Chapter 11” on December 07, 2015. More interesting news about Vantage Drilling Company (OTCMKTS:VTGDF) were released by: Fool.com and their article: “Vantage Drilling Company: Rapid Growth and New Rigs Could Offer Opportunity” published on April 22, 2014 as well as Seekingalpha.com‘s news article titled: “Vantage Drilling International: First-Quarter 2016 Earnings Review” with publication date: May 17, 2016.
Vantage Drilling Company is a holding and offshore drilling firm focused on operating a fleet of modern and specification drilling units. The company has a market cap of $16.48 million. The Company’s principal business is to contract drilling units, related equipment and work crews, primarily on a dayrate basis to drill oil and natural gas wells for its customers. It has a 1.11 P/E ratio. It also provides construction supervision services for drilling units.
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By Ellis Scott