What’s Ahead for VANTAGE DRILLING COMPANY (VTGDF)

August 1, 2017 - By Kurt Siggers

What’s Ahead for VANTAGE DRILLING COMPANY (VTGDF)

The stock price of VANTAGE DRILLING COMPANY (OTCMKTS:VTGDF) recorded $-0.003 in recent trading, touching $0.021 and getting interest from avid investors. 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 5.60 million shorted shares for 3.0 days to cover. The prior short interest was 5.63 million for a $-0.44 change. The 52-Week High and Low are noted here. -47.50 % (High), 110.00 %, (Low). The stock had 1.86M average volume.

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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.

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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.

Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.

Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.

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More notable recent Vantage Drilling Company (OTCMKTS:VTGDF) news were published by: Seekingalpha.com which released: “Vantage Drilling – A Likely Candidate To Go Under In 2017” on March 21, 2015, also Seekingalpha.com with their article: “Vantage Drilling’s Nemesis Hasn’t Given Up Yet” published on January 14, 2016, Wsj.com published: “Vantage Drilling Files for Bankruptcy Protection” on December 03, 2015. More interesting news about Vantage Drilling Company (OTCMKTS:VTGDF) were released by: Seekingalpha.com and their article: “Vantage Drilling Announced Its 3rd Quarter 2016 Results” published on November 21, 2016 as well as Seekingalpha.com‘s news article titled: “Vantage Drilling – Is There Any Hope Left For Shareholders?” with publication date: July 28, 2015.

Vantage Drilling Company is a holding and offshore drilling firm focused on operating a fleet of modern and specification drilling units. The company has market cap of $16.67 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 2.34 P/E ratio. It also provides construction supervision services for drilling units.

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