SDX Energy (CVE:SDX) Shares Down 5.1% – What’s Next?

SDX Energy Inc (CVE:SDX)’s stock price fell 5.1% during trading on Wednesday . The company traded as low as C$0.33 and last traded at C$0.37. 783,993 shares changed hands during trading, an increase of 542% from the average session volume of 122,122 shares. The stock had previously closed at C$0.39.

SDX Energy Trading Down 5.1 %

The company has a debt-to-equity ratio of 1.70, a quick ratio of 2.06 and a current ratio of 2.40. The firm has a market capitalization of C$75.75 million and a P/E ratio of 370.00. The firm has a 50 day moving average price of C$0.37 and a two-hundred 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.