SDX Energy (LON:SDX) Stock Passes Below Fifty Day Moving Average – Should You Sell?

SDX Energy plc (LON:SDXGet Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 0.98 ($0.01) and traded as low as GBX 0.30 ($0.00). SDX Energy shares last traded at GBX 0.30 ($0.00), with a volume of 279,217 shares.

SDX Energy Price Performance

The company’s 50-day moving average is GBX 0.98 and its 200-day moving average is GBX 1.92. 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 capitalization of £715,960.00, a price-to-earnings ratio of -7.00 and a beta of 0.70.

SDX Energy Company Profile

(Get Free Report)

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.

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