SDX Energy (LON:SDX) Shares Down 7.7% – Here’s What Happened

SDX Energy plc (LON:SDX) traded down 7.7% on Monday . The company traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.66 ($0.01). 1,330,083 shares traded hands during trading, an increase of 257% from the average session volume of 372,542 shares. The stock had previously closed at GBX 0.71 ($0.01).

SDX Energy Stock Down 7.1 %

The stock’s 50 day simple moving average is GBX 1.86 and its two-hundred day simple moving average is GBX 2.59. The firm has a market cap of £1.33 million, a P/E ratio of -12.00 and a beta of 0.70. The company has a debt-to-equity ratio of 43.35, a current ratio of 1.20 and a quick ratio of 1.20.

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.