SDX Energy (CVE:SDX) Share Price Passes Below 50 Day Moving Average – Should You Sell?

SDX Energy Inc (CVE:SDX) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 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 Price Performance

The stock has a market cap of C$75.75 million and a price-to-earnings ratio of 370.00. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.40 and a quick ratio of 2.06. The stock’s 50 day simple moving average is C$0.37 and its two-hundred 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.