Shares of SDX Energy Inc (LON:SDX) shot up 8.5% during trading on Wednesday . The company traded as high as GBX 32 ($0.42) and last traded at GBX 32 ($0.42). 532,281 shares traded hands during trading, a decline of 9% from the average session volume of 584,519 shares. The stock had previously closed at GBX 29.50 ($0.39).
The firm has a market capitalization of $65.88 million and a P/E ratio of 321.80.
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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.
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