Stampede Drilling (CVE:SDI) Trading Up 2.3% – Time to Buy?

Stampede Drilling Inc. (CVE:SDIGet Free Report)’s share price rose 2.3% during trading on Monday . The company traded as high as C$0.23 and last traded at C$0.23. Approximately 16,075 shares traded hands during trading, a decline of 86% from the average daily volume of 114,735 shares. The stock had previously closed at C$0.22.

Stampede Drilling Trading Up 2.2%

The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 17.48. The business has a fifty day simple moving average of C$0.23 and a 200 day simple moving average of C$0.22. The company has a market cap of C$43.82 million, a price-to-earnings ratio of 7.67 and a beta of 0.23.

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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