Stampede Drilling (CVE:SDI) Shares Down 4.8% – Here’s Why

Stampede Drilling Inc. (CVE:SDI) shares fell 4.8% during trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. 104,151 shares were traded during trading, an increase of 27% from the average session volume of 82,115 shares. The stock had previously closed at C$0.21.

Stampede Drilling Trading Up 2.5%

The firm has a market capitalization of C$40.23 million, a price-to-earnings ratio of 10.25 and a beta of 0.66. The business has a 50-day moving average of C$0.16 and a two-hundred day moving average of C$0.14. The company has a quick ratio of 0.82, a current ratio of 1.04 and a debt-to-equity ratio of 25.59.

About Stampede Drilling

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.