Stampede Drilling (CVE:SDI) Stock Price Up 10.8% – What’s Next?

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

Stampede Drilling Price Performance

The company has a debt-to-equity ratio of 25.59, a current ratio of 1.04 and a quick ratio of 0.82. The firm has a fifty day moving average of C$0.15 and a two-hundred day moving average of C$0.14. The stock has a market capitalization 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.