SDX Energy (CVE:SDX) Trading Down 5.1% – Time to Sell?

Shares of SDX Energy Inc (CVE:SDX) traded down 5.1% during mid-day trading on Wednesday . The stock traded as low as C$0.33 and last traded at C$0.37. 783,993 shares traded hands during trading, an increase of 542% from the average session volume of 122,122 shares. The stock had previously closed at C$0.39.

SDX Energy Stock Down 5.1 %

The company has a debt-to-equity ratio of 1.70, a quick ratio of 2.06 and a current ratio of 2.40. The company has a market cap of C$75.75 million and a P/E ratio of 370.00. The stock has a 50 day moving average price of C$0.37 and a 200 day moving average price of C$0.37.

SDX Energy Company Profile

SDX Energy Inc engages in the exploration, development, and production of oil and gas primarily in the Arab Republic of Egypt and the Kingdom of Morocco. The company holds a 50% working interest in producing assets in the North West Gemsa and Meseda located onshore in the Eastern Desert, adjacent to the Gulf of Suez; 75% working interest in the Sebou concession situated in the Gharb Basin; and 12.75% working interest in development assets in the South Ramadan concession.