Stampede Drilling (CVE:SDI) Shares Down 2.1%

Stampede Drilling Inc. (CVE:SDI) shares dropped 2.1% during mid-day trading on Tuesday . The stock traded as low as C$0.24 and last traded at C$0.24. Approximately 1,500 shares traded hands during trading, a decline of 99% from the average daily volume of 198,828 shares. The stock had previously closed at C$0.24.

Stampede Drilling Trading Down 2.1 %

The stock has a market capitalization of C$49.53 million, a P/E ratio of 4.70 and a beta of 1.39. The stock has a 50-day moving average price of C$0.24 and a two-hundred day moving average price of C$0.24. The company has a debt-to-equity ratio of 23.83, a quick ratio of 0.82 and a current ratio of 1.50.

Stampede Drilling (CVE:SDI) last released its quarterly earnings results on Thursday, March 14th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.01). Stampede Drilling had a net margin of 12.27% and a return on equity of 12.59%. The firm had revenue of C$21.49 million for the quarter, compared to the consensus estimate of C$22.00 million. On average, research analysts forecast that Stampede Drilling Inc. will post 0.0649351 EPS for the current fiscal year.

Insider Transactions at Stampede Drilling

In related news, Director Thane Geoffrey Russell sold 150,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$0.24, for a total transaction of C$36,000.00. In other Stampede Drilling news, Director Thane Geoffrey Russell sold 150,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$0.24, for a total transaction of C$36,000.00. Also, Senior Officer Edward Langdon Oke purchased 140,322 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were bought at an average cost of C$0.24 per share, with a total value of C$33,677.28. Insiders acquired 1,359,622 shares of company stock worth $265,213 over the last quarter. 7.48% of the stock is currently owned by insiders.

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.