SDX Energy (LON:SDX) Shares Down 16.7% – Here’s What Happened

SDX Energy plc (LON:SDX)’s share price traded down 16.7% on Thursday . The stock traded as low as GBX 0.23 ($0.00) and last traded at GBX 0.25 ($0.00). 334,000 shares traded hands during trading, a decline of 89% from the average session volume of 3,071,141 shares. The stock had previously closed at GBX 0.30 ($0.00).

SDX Energy Stock Performance

The company has a debt-to-equity ratio of 43.35, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of £558,448.80, a P/E ratio of -5.46 and a beta of 0.70. The business’s 50-day moving average price is GBX 0.85 and its 200-day moving average price is GBX 1.83.

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.