SDX Energy (LON:SDX) Stock Crosses Below 50 Day Moving Average – Here’s Why

SDX Energy plc (LON:SDX)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 0.61 ($0.01) 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 traded.

SDX Energy Trading Down 10.7 %

The company has a market capitalization of £492,989.60, a price-to-earnings ratio of -4.82 and a beta of 0.70. 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 business’s 50-day simple moving average is GBX 0.61 and its 200-day simple moving average is GBX 1.69.

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.