Superior Drilling Products Inc (NYSE: SDPI) shares gained 1.16%, or $0.0088 per share, to close Thursday at $0.77. After opening the day at $0.75, shares of Superior Drilling Products fluctuated between $0.78 and $0.75. 32,613 shares traded hands a decrease from their 30 day average of 214,225. Thursday’s activity brought Superior Drilling Products’s market cap to $19,835,863.
Superior Drilling Products is headquartered in Vernal, Utah..
About Superior Drilling Products Inc
Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® well bore conditioning tool and the patented Strider™ oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.