NEW YORK ( TheStreet) -- FX Energy (Nasdaq: FXEN) is trading at unusually high volume Friday with 1.7 million shares changing hands. It is currently at 4.3 times its average daily volume and trading up $1.86 (+18.8%) at $11.73 as of 4 p.m. ET. FX Energy has a market cap of $431.1 million and is part of the basic materials sector and energy industry. Shares are up 60.5% year to date as of the close of trading on Thursday. FX Energy, Inc., together with its subsidiaries, operates as an independent oil and gas exploration and production company with principal operations in Poland. It primarily explores on the Rotliegend sandstones of the Permian Basin, Poland. The company has a P/E ratio of 99.3, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 22.6. TheStreet Ratings rates FX Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including premium valuation and generally poor debt management. You can view the full FX Energy Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.