SDX Energy (LON:SDX) Reaches New 1-Year Low – Here’s Why

SDX Energy plc (LON:SDX) reached a new 52-week low on Wednesday . The stock traded as low as GBX 1.80 ($0.02) and last traded at GBX 1.80 ($0.02), with a volume of 188048 shares changing hands. The stock had previously closed at GBX 1.90 ($0.02).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of SDX Energy in a report on Thursday, July 25th.

SDX Energy Price Performance

The company has a 50 day moving average price of GBX 2.02 and a 200-day moving average price of GBX 2.89. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 43.35. The company has a market cap of £3.89 million, a price-to-earnings ratio of -36.00 and a beta of 0.70.

About SDX Energy

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.