Stampede Drilling (CVE:SDI) Trading Up 2.3% – Here’s Why

Shares of Stampede Drilling Inc. (CVE:SDIGet Free Report) shot up 2.3% on Monday . The stock traded as high as C$0.23 and last traded at C$0.23. 16,075 shares changed hands during trading, a decline of 86% from the average session volume of 114,735 shares. The stock had previously closed at C$0.22.

Stampede Drilling Trading Up 2.3%

The firm has a 50-day moving average of C$0.23 and a 200-day moving average of C$0.22. 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 firm has a market capitalization of C$42.87 million, a P/E ratio of 7.50 and a beta of 0.23.

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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