Stampede Drilling (CVE:SDI) Reaches New 1-Year High – Time to Buy?

Shares of Stampede Drilling Inc. (CVE:SDIGet Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.24 and last traded at C$0.23, with a volume of 69003 shares trading hands. The stock had previously closed at C$0.23.

Stampede Drilling Stock Performance

The stock’s 50 day moving average price is C$0.21 and its 200 day moving average price is C$0.16. The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 21.85. The firm has a market cap of C$45.12 million, a PE ratio of 11.50 and a beta of 0.26.

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. Stampede Drilling Inc is headquartered in Calgary, Canada.

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