Stampede Drilling (CVE:SDI) Stock Price Down 4.2% – Here’s What Happened

Stampede Drilling Inc. (CVE:SDI) fell 4.2% on Friday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 56,793 shares changed hands during trading, a decline of 54% from the average session volume of 122,938 shares. The stock had previously closed at C$0.24.

Stampede Drilling Stock Performance

The stock has a fifty day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.20. The company has a debt-to-equity ratio of 17.48, a quick ratio of 0.82 and a current ratio of 0.93. The stock has a market cap of C$45.12 million, a price-to-earnings ratio of 7.67 and a beta of 0.28.

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.