SDX Energy (CVE:SDX) Shares Down 5.1% – Should You Sell?

SDX Energy Inc (CVE:SDX) shares fell 5.1% on Tuesday. The stock traded as low as C$0.33 and last traded at C$0.37. 783,993 shares were traded during 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 has a 50 day simple moving average of C$0.37 and a two-hundred day simple moving average of C$0.37. The firm has a market cap of C$75.75 million and a PE ratio of 370.00. The company has a debt-to-equity ratio of 1.70, a quick ratio of 2.06 and a current ratio of 2.40.

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.