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

SDX Energy Inc (CVE:SDX) crossed below its 50 day moving average during trading on Monday . 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 changing hands.

SDX Energy Stock Performance

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’s fifty day moving average is C$0.37 and its two-hundred day moving average is C$0.37. The firm has a market capitalization of C$75.75 million and a price-to-earnings ratio of 370.00.

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. 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.