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

SDX Energy plc (LON:SDX)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 0.98 ($0.01) and traded as low as GBX 0.30 ($0.00). SDX Energy shares last traded at GBX 0.30 ($0.00), with a volume of 279,217 shares trading hands.

SDX Energy Trading Down 7.7 %

The business has a 50 day moving average of GBX 0.95 and a 200 day moving average of GBX 1.89. The firm has a market cap of £613,680.00, a price-to-earnings ratio of -6.00 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 43.35.

SDX Energy Company Profile

SDX Energy plc engages in the exploration, development, and production of oil and gas in the Arab Republic of Egypt and the Kingdom of Morocco. The company holds 50% working interest in Meseda and Rabul fields in the West Gharib, Egypt; 55% interest in the South Disouq concession located in the Nile Delta region, Egypt; and 75% working interest in four exploration permits consisting of Sebou Central, Gharb Occidental, Lalla Mimouna Nord, and Moulay Bouchta Ouest concessions situated in the Gharb Basin, Morocco.