SDX Energy (CVE:SDX) Stock Passes Above Fifty Day Moving Average – What’s Next?

Shares of SDX Energy Inc (CVE:SDX) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.37 and traded as high as C$0.41. SDX Energy shares last traded at C$0.37, with a volume of 783,993 shares.

SDX Energy Stock Performance

The company has a debt-to-equity ratio of 1.70, a current ratio of 2.40 and a quick ratio of 2.06. The stock’s 50 day simple moving average is C$0.37 and its two-hundred day simple moving average is C$0.37. The stock has a market cap of C$75.75 million and a P/E ratio of 370.00.

SDX Energy Company Profile

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.