SDX Energy (CVE:SDX) Stock Price Passes Below 50 Day Moving Average – What’s Next?

SDX Energy Inc (CVE:SDX)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.37 and traded as low as C$0.33. SDX Energy shares last traded at C$0.37, with a volume of 783,993 shares.

SDX Energy Trading Down 5.1 %

The company has a quick ratio of 2.06, a current ratio of 2.40 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of C$75.75 million and a P/E ratio of 370.00. The firm’s 50-day simple moving average is C$0.37 and its 200 day simple moving average is C$0.37.

About SDX Energy

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.