Stampede Drilling (CVE:SDI) Shares Up 4.4% – Time to Buy?

Stampede Drilling Inc. (CVE:SDI – Get Free Report)’s stock price was up 4.4% during mid-day trading on Wednesday. The stock traded as high as C$0.23 and last traded at C$0.23. 47,737 shares changed hands during trading, a decline of 56% from the average daily volume of 109,678 shares. The stock had previously closed at C$0.23.

Stampede Drilling Stock Performance

The firm has a market cap of C$41.92 million, a P/E ratio of 7.33 and a beta of 0.44. The company’s 50 day moving average is C$0.23 and its two-hundred day moving average is C$0.22. The company has a debt-to-equity ratio of 17.48, a current ratio of 0.93 and a quick ratio of 0.82.

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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