Sundance Energy Australia (OTCMKTS:SDCJF) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Sundance Energy Australia Ltd (OTCMKTS:SDCJFGet Free Report) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.15 and traded as low as $0.03. Sundance Energy Australia shares last traded at $0.15, with a volume of 1,200 shares trading hands.

Sundance Energy Australia Price Performance

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average price of $0.15 and a two-hundred day moving average price of $0.15.

Sundance Energy Australia Company Profile

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Sundance Energy Australia Limited is an independent upstream oil and gas company domiciled in Australia, with exploration and production assets in the Sultanate of Oman. The company focuses on the acquisition, development and optimization of onshore petroleum concessions, applying modern reservoir management techniques and field development planning to enhance production performance.

Through its wholly-owned subsidiary, Sundance Energy (Oman) Limited, the company holds working interests in several onshore production-sharing contracts, including Blocks 4, 5 and 8.

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