SDX Energy (LON:SDX) Shares Down 12.5% – Time to Sell?

SDX Energy plc (LON:SDX) was down 12.5% on Friday . The stock traded as low as GBX 0.35 ($0.00) and last traded at GBX 0.35 ($0.00). Approximately 929,203 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 4,720,076 shares. The stock had previously closed at GBX 0.40 ($0.00).

SDX Energy Trading Down 11.8 %

The firm has a market cap of £722,096.80, a price-to-earnings ratio of -7.06 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. The business has a 50 day moving average price of GBX 1.20 and a 200-day moving average price of GBX 2.07.

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.