Stampede Drilling (CVE:SDI) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Shares of Stampede Drilling Inc. (CVE:SDI – Get Free Report) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of C$0.23 and traded as high as C$0.24. Stampede Drilling shares last traded at C$0.23, with a volume of 6,636,280 shares trading hands.

Stampede Drilling Trading Up 6.8%

The business has a fifty day simple moving average of C$0.23 and a 200 day simple moving average of C$0.20. The stock has a market cap of C$44.78 million, a price-to-earnings ratio of 7.83 and a beta of 0.44. The company has a debt-to-equity ratio of 17.48, a quick ratio of 0.82 and a current ratio of 0.93.

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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