Stampede Drilling (CVE:SDI) Shares Down 2.2% – What’s Next?

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

Stampede Drilling Trading Down 2.2%

The business has a 50 day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.19. The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 20.35. The company has a market cap of C$44.14 million, a PE ratio of 11.25 and a beta of 0.31.

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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