SDX Energy (LON:SDX) Trading Down 9.1% – Should You Sell?

SDX Energy plc (LON:SDX)’s share price fell 9.1% during mid-day trading on Wednesday . The company traded as low as GBX 0.50 ($0.01) and last traded at GBX 0.50 ($0.01). 399,508 shares traded hands during trading, a decline of 3% from the average session volume of 410,871 shares. The stock had previously closed at GBX 0.55 ($0.01).

SDX Energy Stock Down 9.1 %

The firm’s 50 day moving average price is GBX 1.71 and its 200-day moving average price is GBX 2.47. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 43.35. The company has a market cap of £1.02 million, a P/E ratio of -10.00 and a beta of 0.70.

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.