SDX Energy (CVE:SDX) Stock Price Down 5.1% – Here’s Why

SDX Energy Inc (CVE:SDX) traded down 5.1% on Tuesday. The company traded as low as C$0.33 and last traded at C$0.37. Approximately 783,993 shares traded hands during mid-day trading, an increase of 542% from the average daily volume of 122,122 shares. The stock had previously closed at C$0.39.

SDX Energy Price Performance

The stock’s 50-day moving average price is C$0.37 and its 200-day moving average price is C$0.37. The company has a market capitalization of C$75.75 million and a price-to-earnings ratio of 370.00. The company has a quick ratio of 2.06, a current ratio of 2.40 and a debt-to-equity ratio of 1.70.

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. It also holds a 55% working interest in exploration asset in the South Disouq concession; and 75% working interest in the Lalla Mimouna and the Gharb Centre concessions.