Stampede Drilling (CVE:SDI) Stock Price Down 13% – Here’s Why

Stampede Drilling Inc. (CVE:SDIGet Free Report) fell 13% during trading on Wednesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 377,350 shares traded hands during trading, an increase of 191% from the average session volume of 129,890 shares. The stock had previously closed at C$0.23.

Stampede Drilling Stock Performance

The company’s fifty day moving average price is C$0.22 and its two-hundred day moving average price is C$0.19. The company has a debt-to-equity ratio of 20.35, a quick ratio of 0.82 and a current ratio of 1.23. The firm has a market capitalization of C$40.22 million, a PE ratio of 10.25 and a beta of 0.31.

Stampede Drilling Company Profile

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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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