Stampede Drilling (CVE:SDI) Trading Down 6.8% – Should You Sell?

Shares of Stampede Drilling Inc. (CVE:SDI) dropped 6.8% during trading on Wednesday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 59,571 shares were traded during trading, a decline of 42% from the average daily volume of 102,938 shares. The stock had previously closed at C$0.22.

Stampede Drilling Trading Down 11.4%

The stock has a market cap of C$38.26 million, a PE ratio of 9.75 and a beta of 0.10. The business’s fifty day moving average is C$0.17 and its 200 day moving average is C$0.15. The company has a quick ratio of 0.82, a current ratio of 1.04 and a debt-to-equity ratio of 25.59.

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.