Stampede Drilling (CVE:SDI) Sets New 52-Week Low – Here’s Why

Shares of Stampede Drilling Inc. (CVE:SDIGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.19 and last traded at C$0.19, with a volume of 271000 shares trading hands. The stock had previously closed at C$0.20.

Stampede Drilling Trading Down 2.6 %

The company has a debt-to-equity ratio of 21.29, a quick ratio of 0.82 and a current ratio of 1.29. The business has a fifty day simple moving average of C$0.21 and a 200 day simple moving average of C$0.22. The stock has a market cap of C$40.09 million, a price-to-earnings ratio of 4.88 and a beta of 1.47.

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.

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