SDX Energy (CVE:SDX) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of SDX Energy Inc (CVE:SDX) 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 traded.

SDX Energy Stock Down 5.1 %

The company has a current ratio of 2.40, a quick ratio of 2.06 and a debt-to-equity ratio of 1.70. The company has a market capitalization of C$75.75 million and a price-to-earnings 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.

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.