SDX Energy (LON:SDX) Stock Price Up 46.8% – Still a Buy?

SDX Energy plc (LON:SDX)’s share price shot up 46.8% during mid-day trading on Monday . The stock traded as high as GBX 0.75 ($0.01) and last traded at GBX 0.58 ($0.01). 18,346,102 shares were traded during mid-day trading, an increase of 3,558% from the average session volume of 501,600 shares. The stock had previously closed at GBX 0.40 ($0.00).

SDX Energy Stock Performance

The company’s 50-day simple moving average is GBX 1.41 and its 200-day simple moving average is GBX 2.23. The stock has a market cap of £818,240.00, a price-to-earnings ratio of -8.00 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 43.35.

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.