NEW YORK ( TheStreet) -- FX Energy (Nasdaq: FXEN) is trading at unusually high volume Wednesday with 1.7 million shares changing hands. It is currently at four times its average daily volume and trading down $1.26 (-18.6%) at $5.56 as of 3:57 p.m. ET.

FX Energy has a market cap of $353.1 million and is part of the basic materials sector and energy industry. Shares are up 10.9% year to date as of the close of trading on Tuesday.

FX Energy, Inc. engages in the exploration, appraisal, and production of oil and gas properties primarily in Poland and the United States. The company primarily focuses on the exploration of Rotliegend sandstones in the Permian Basin, Poland. The company has a P/E ratio of 67.5, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates FX Energy as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full FX Energy Ratings Report.

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