Stampede Drilling (CVE:SDI) Shares Down 4.8% – Time to Sell?

Stampede Drilling Inc. (CVE:SDI) dropped 4.8% during trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 104,151 shares traded hands during trading, an increase of 27% from the average daily volume of 82,115 shares. The stock had previously closed at C$0.21.

Stampede Drilling Stock Performance

The firm’s fifty day moving average price is C$0.16 and its 200 day moving average price is C$0.14. The firm has a market cap of C$39.24 million, a P/E ratio of 10.00 and a beta of 0.66. The company has a debt-to-equity ratio of 25.59, a quick ratio of 0.82 and a current ratio of 1.04.

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.