DryShips Inc. (NASDAQ: DRYS) is up 7.61% in pre-market trading this morning to $4.81. This move follows news that the company a Letter of Award for exploration drilling offshore West Africa. The contract is estimated to be worth $135 million.
DryShips has traded 786,439 shares so far this morning at 8:35 AM EST. The gain comes during a 52-week range of $3.28 to $7.62.
-Michael B. Sauter