Stampede Drilling (CVE:SDI) Trading Up 11.9% – What’s Next?

Shares of Stampede Drilling Inc. (CVE:SDIGet Free Report) were up 11.9% during trading on Thursday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 4,054,074 shares changed hands during mid-day trading, an increase of 2,378% from the average daily volume of 163,633 shares. The stock had previously closed at C$0.21.

Stampede Drilling Stock Performance

The firm has a market cap of C$43.16 million, a PE ratio of 11.00 and a beta of 0.26. The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 21.85. The firm’s 50 day simple moving average is C$0.21 and its 200 day simple moving average is C$0.16.

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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