SDX Energy (LON:SDX) Reaches New 1-Year Low – Here’s Why

by · The Cerbat Gem

SDX Energy plc (LON:SDX – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as GBX 1.80 ($0.02) and last traded at GBX 1.80 ($0.02), with a volume of 188048 shares changing hands. The stock had previously closed at GBX 1.90 ($0.02).

Wall Street Analyst Weigh In

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

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SDX Energy Price Performance

The company has a 50 day moving average price of GBX 2.02 and a 200-day moving average price of GBX 2.89. 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 market cap of £3.89 million, a price-to-earnings ratio of -36.00 and a beta of 0.70.

About SDX Energy

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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.

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