SDX Energy (LON:SDX) Shares Down 9.6%

SDX Energy plc (LON:SDX)’s share price was down 9.6% during mid-day trading on Tuesday . The company traded as low as GBX 2.17 ($0.03) and last traded at GBX 2.17 ($0.03). Approximately 296,222 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 384,028 shares. The stock had previously closed at GBX 2.40 ($0.03).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of SDX Energy in a research report on Thursday, July 25th.

SDX Energy Stock Performance

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 company has a fifty day moving average price of GBX 2.90 and a 200 day moving average price of GBX 3.50. The stock has a market cap of £4.60 million, a PE ratio of -76.67 and a beta of 0.75.

About SDX Energy

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.