Stampede Drilling (CVE:SDI) Trading 10.8% Higher – Time to Buy?

Shares of Stampede Drilling Inc. (CVE:SDI) rose 10.8% during trading on Monday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 463,480 shares changed hands during mid-day trading, an increase of 599% from the average daily volume of 66,264 shares. The stock had previously closed at C$0.19.

Stampede Drilling Stock Up 13.5%

The company’s 50 day moving average price is C$0.15 and its two-hundred day moving average price is 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. The stock has a market cap of C$41.21 million, a P/E ratio of 10.50 and a beta of 0.66.

Stampede Drilling Company Profile

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.