Stampede Drilling (CVE:SDI) Shares Up 17.2% – What’s Next?

Shares of Stampede Drilling Inc. (CVE:SDI) shot up 17.2% during mid-day trading on Friday . The company traded as high as C$0.18 and last traded at C$0.17. 138,250 shares traded hands during mid-day trading, an increase of 73% from the average session volume of 79,741 shares. The stock had previously closed at C$0.15.

Stampede Drilling Stock Up 13.8%

The stock has a market capitalization of C$32.99 million, a price-to-earnings ratio of 4.61 and a beta of 0.13. The firm has a 50-day moving average of C$0.13 and a 200 day moving average of C$0.14. The company has a current ratio of 1.15, a quick ratio of 0.82 and a debt-to-equity ratio of 24.16.

About Stampede Drilling

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.