SDX Energy (LON:SDX) Stock Passes Below Fifty Day Moving Average – What’s Next?

SDX Energy plc (LON:SDX)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty 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 Trading Down 7.7 %

The company has a fifty day simple moving average of GBX 0.95 and a two-hundred day simple moving average of GBX 1.89. 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 company has a market cap of £613,680.00, a PE ratio of -6.00 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.