Insider Buying: SDX Energy Inc (SDX) Director Purchases 50,000 Shares of Stock

SDX Energy Inc (CVE:SDX) Director Timothy Linacre purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of C$0.27 per share, with a total value of C$13,250.00. Following the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at approximately C$13,250.

SDX Energy stock traded down C$0.02 during trading on Tuesday, hitting C$0.40. 174,623 shares of the company were exchanged, compared to its average volume of 113,566. SDX Energy Inc has a 52 week low of C$0.40 and a 52 week high of C$1.25. The company has a market capitalization of $85.98 million and a P/E ratio of 420.00.

SDX Energy (CVE:SDX) last announced its quarterly earnings results on Friday, March 22nd. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$18.29 million during the quarter. On average, sell-side analysts anticipate that SDX Energy Inc will post 0.07 EPS for the current fiscal year.

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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.

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