Stampede Drilling (CVE:SDI) Stock Price Down 4.2% – Time to Sell?

Stampede Drilling Inc. (CVE:SDI)’s share price was down 4.2% on Friday . The company traded as low as C$0.23 and last traded at C$0.23. 56,793 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 122,938 shares. The stock had previously closed at C$0.24.

Stampede Drilling Trading Down 4.2%

The business’s 50 day simple moving average is C$0.23 and its two-hundred day simple moving average is C$0.20. The stock has a market cap of C$45.12 million, a P/E ratio of 7.67 and a beta of 0.28. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 17.48.

About Stampede Drilling

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.