SDX Energy (CVE:SDX) Share Price Passes Above 50-Day Moving Average – Here’s Why

Shares of SDX Energy Inc (CVE:SDX) crossed above its 50 day moving average during trading on Friday . The stock has a 50 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 trading hands.

SDX Energy Stock Down 5.1%

The firm has a market capitalization of C$75.75 million and a P/E ratio of 370.00. The company has a fifty day simple moving average of C$0.37 and a 200 day simple moving average of C$0.37. The company has a quick ratio of 2.06, a current ratio of 2.40 and a debt-to-equity ratio of 1.70.

About SDX Energy

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.