SDX Energy (CVE:SDX) Stock Passes Above 50-Day Moving Average – What’s Next?

SDX Energy Inc (CVE:SDX) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.37 and traded as high as C$0.41. SDX Energy shares last traded at C$0.37, with a volume of 783,993 shares trading hands.

SDX Energy Trading 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 cap of C$75.75 million and a price-to-earnings ratio of 370.00. The firm has a 50-day moving average price of C$0.37 and a 200 day moving average price of 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.