Strad Energy Services (SDY) Shares Down 6.1%

Strad Energy Services Ltd (TSE:SDY)’s share price dropped 6.1% during trading on Monday . The company traded as low as C$1.53 and last traded at C$1.53. Approximately 6,600 shares traded hands during trading, a decline of 71% from the average daily volume of 22,669 shares. The stock had previously closed at C$1.63.

The stock has a market capitalization of $96.62, a price-to-earnings ratio of -12.54 and a beta of 0.28.

Strad Energy Services (TSE:SDY) last issued its quarterly earnings results on Thursday, November 9th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$33.92 million for the quarter. Strad Energy Services had a net margin of 1.76% and a return on equity of 1.67%.

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About Strad Energy Services

Strad Energy Services Ltd. is engaged in providing a range of well-site and energy infrastructure solutions, including Surface Equipment, Environmental and Access Matting, Solids Control and Waste Management, EcoPond (frac-water storage), Drill Pipe and Matting Manufacturing. Its commodity exposure includes conventional and unconventional oil, liquids rich natural gas, and dry natural gas, as well as exposure to Energy Infrastructure projects related to oil sands, pipelines and power transmission.

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