SDX Energy (CVE:SDX) Trading Down 5.1% – Here’s Why

SDX Energy Inc (CVE:SDX)’s share price fell 5.1% on Monday . The stock traded as low as C$0.33 and last traded at C$0.37. 783,993 shares traded hands during mid-day 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 Performance

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

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. It also holds a 55% working interest in exploration asset in the South Disouq concession; and 75% working interest in the Lalla Mimouna and the Gharb Centre concessions.