SDX Energy (LON:SDX) Trading Down 9.1% – What’s Next?

SDX Energy plc (LON:SDX) shares dropped 9.1% during trading on Wednesday . The company traded as low as GBX 0.50 ($0.01) and last traded at GBX 0.50 ($0.01). Approximately 399,508 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 410,871 shares. The stock had previously closed at GBX 0.55 ($0.01).

SDX Energy Price Performance

The company has a 50 day moving average of GBX 1.65 and a 200 day moving average of GBX 2.42. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 43.35. The firm has a market cap of £1.02 million, a price-to-earnings ratio of -10.00 and a beta of 0.70.

SDX Energy Company Profile

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.