SDX Energy (LON:SDX) Shares Down 7.7% – Time to Sell?

SDX Energy plc (LON:SDX)’s stock price dropped 7.7% during mid-day trading on Wednesday . The stock traded as low as GBX 0.20 ($0.00) and last traded at GBX 0.22 ($0.00). Approximately 6,491,915 shares traded hands during trading, an increase of 71% from the average daily volume of 3,800,889 shares. The stock had previously closed at GBX 0.23 ($0.00).

SDX Energy Stock Performance

The business has a 50-day simple moving average of GBX 0.75 and a 200 day simple moving average of GBX 1.77. The company has a debt-to-equity ratio of 43.35, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of £492,989.60, a PE ratio of -4.82 and a beta of 0.70.

About SDX Energy

SDX Energy plc engages in the exploration, development, and production of oil and gas in the Arab Republic of Egypt and the Kingdom of Morocco. The company holds 50% working interest in Meseda and Rabul fields in the West Gharib, Egypt; 55% interest in the South Disouq concession located in the Nile Delta region, Egypt; and 75% working interest in four exploration permits consisting of Sebou Central, Gharb Occidental, Lalla Mimouna Nord, and Moulay Bouchta Ouest concessions situated in the Gharb Basin, Morocco.