Stampede Drilling (CVE:SDI) Shares Up 17.2% – Should You Buy?

Shares of Stampede Drilling Inc. (CVE:SDIGet Free Report) were up 17.2% on Friday . The stock traded as high as C$0.18 and last traded at C$0.17. Approximately 138,250 shares traded hands during trading, an increase of 73% from the average daily volume of 79,741 shares. The stock had previously closed at C$0.15.

Stampede Drilling Stock Performance

The company has a fifty day moving average of C$0.13 and a two-hundred day moving average of C$0.14. The stock has a market capitalization of C$32.99 million, a P/E ratio of 4.61 and a beta of 0.13. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.15 and a quick ratio of 0.82.

About Stampede Drilling

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Stampede Drilling Inc provides oilfield services to the oil and natural gas industry in North America. It provides drilling rig services; and operates a fleet of telescopic double and triple drilling rigs. The company was formerly known as MATRRIX Energy Technologies Inc and changed its name to Stampede Drilling Inc in May 2019. Stampede Drilling Inc is headquartered in Calgary, Canada.

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