Stampede Drilling (CVE:SDI) Shares Down 13% – Should You Sell?

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

Stampede Drilling Price Performance

The company has a 50 day moving average of C$0.22 and a 200 day moving average of C$0.19. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 20.35. The stock has a market capitalization of C$41.20 million, a price-to-earnings ratio of 10.50 and a beta of 0.31.

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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