Reported 2 days ago
Borr Drilling Limited (NYSE:BORR) saw its stock price jump by 20.99% from June 5 to June 12, 2025, despite reporting disappointing Q1 2025 results with a significant revenue drop and a net loss. The company secured nine new contracts worth $221 million and has increased its operating rig count to 22, which may contribute to future financial recovery. Furthermore, a rise in global crude oil prices by almost 18% has positively influenced investor sentiment towards the company.
Source: YAHOO