Stampede Drilling (CVE:SDI) Shares Down 2.2% – Should You Sell?

Shares of Stampede Drilling Inc. (CVE:SDIGet Free Report) traded down 2.2% on Thursday . The stock traded as low as C$0.22 and last traded at C$0.23. Approximately 47,260 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 133,222 shares. The stock had previously closed at C$0.23.

Stampede Drilling Price Performance

The company has a debt-to-equity ratio of 20.35, a current ratio of 1.23 and a quick ratio of 0.82. The company has a market capitalization of C$43.16 million, a PE ratio of 11.00 and a beta of 0.31. The firm has a 50-day moving average of C$0.22 and a 200 day moving average of C$0.19.

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.

Further Reading

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