Stampede Drilling (CVE:SDI) Shares Down 4.7% – Here’s What Happened

Stampede Drilling Inc. (CVE:SDIGet Free Report)’s stock price was down 4.7% during mid-day trading on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 80,233 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 165,161 shares. The stock had previously closed at C$0.22.

Stampede Drilling Stock Performance

The firm has a fifty day moving average price of C$0.22 and a 200 day moving average price of C$0.23. The company has a current ratio of 1.29, a quick ratio of 0.82 and a debt-to-equity ratio of 21.29. The firm has a market cap of C$43.26 million, a PE ratio of 5.13 and a beta of 1.47.

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.

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