Shawcor (OTCMKTS:SAWLF) Trading 0.6% Higher – Here’s Why
by Michael Walen · The Markets DailyShawcor Ltd. (OTCMKTS:SAWLF – Get Free Report)’s stock price rose 0.6% during trading on Thursday . The stock traded as high as $14.84 and last traded at $14.84. Approximately 4,894 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 59,944 shares. The stock had previously closed at $14.7525.
Shawcor Trading Up 0.6%
The business’s 50-day moving average is $13.00 and its 200-day moving average is $9.56.
Shawcor Company Profile
Shawcor Ltd. is a global energy services company headquartered in Toronto, Canada, specializing in engineering, manufacturing and field services to the oil and gas industry. The company develops advanced products and technologies for the protection and performance of onshore and offshore pipelines, petrochemical facilities and industrial plants. Shawcor operates through two main segments—Pipeline & Pipe Services, which focuses on pipe coatings, field joint coatings, pipe repair and ongoing pipeline integrity maintenance, and Composite Systems, which offers high-performance composite pipe solutions under its FlexPipe® brand.
With a history spanning over a century, Shawcor has grown by innovation and strategic acquisitions to become a trusted partner for customers seeking to extend asset life and enhance operational safety.