SDX Energy (LON:SDX) Stock Price Passes Below 50-Day Moving Average – What’s Next?

SDX Energy plc (LON:SDX)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 0.37 ($0.00) and traded as low as GBX 0.24 ($0.00). SDX Energy shares last traded at GBX 0.24 ($0.00), with a volume of 29,049,123 shares trading hands.

SDX Energy Stock Performance

The company has a debt-to-equity ratio of 86.96, a current ratio of 0.98 and a quick ratio of 1.20. The firm has a market cap of £665,590.57, a price-to-earnings ratio of -0.07 and a beta of 0.70. The company has a fifty day moving average price of GBX 0.36 and a two-hundred day moving average price of GBX 1.52.

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.