Stampede Drilling (CVE:SDI) Sets New 52-Week High – Should You Buy?

Stampede Drilling Inc. (CVE:SDI – Get Free Report) hit a new 52-week high on Monday. The stock traded as high as C$0.25 and last traded at C$0.24, with a volume of 11,061 shares changing hands. The stock had previously closed at C$0.24.

Stampede Drilling Price Performance

The firm has a 50-day moving average of C$0.23 and a 200 day moving average of C$0.21. The company has a debt-to-equity ratio of 17.48, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market capitalization of C$45.73 million, a price-to-earnings ratio of 8.00 and a beta of 0.57.

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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