Archer Stock Set to Reverse Split on Wednesday, May 8th (OTCMKTS:ARHVF)

Archer Limited (OTCMKTS:ARHVF) shares are going to reverse split before the market opens on Wednesday, May 8th. The 1-25 reverse split was announced on Wednesday, May 8th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 8th.

Archer Price Performance

Shares of Archer stock remained flat at $0.11 on Monday. 4,000 shares of the stock traded hands, compared to its average volume of 2,069. The company has a fifty day simple moving average of $0.10 and a 200-day simple moving average of $0.09. Archer has a 12 month low of $0.07 and a 12 month high of $0.13.

Archer Company Profile

Archer Limited, together with its subsidiaries, provides various oilfield products and services to the oil and gas industry in Norway, Argentina, the United Kingdom, and internationally. The company operates in three segments: Platform Operations, Well Services, and Land Drilling. It provides oil tools, wireline services, and coil tubing and pumping services, as well as well construction and completion, well intervention and workover, slot recovery, well plug and abandonment, and surface, geothermal, and CCUS applications.