Sound Energy (LON:SOU) Sets New 12-Month Low – Here’s Why

Sound Energy plc (LON:SOU)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 1.50 and last traded at GBX 1.54, with a volume of 190232 shares changing hands. The stock had previously closed at GBX 1.53.

Sound Energy Trading Down 3.2%

The company has a debt-to-equity ratio of -541.45, a quick ratio of 2.08 and a current ratio of 0.05. The stock has a market cap of £3.44 million, a price-to-earnings ratio of -0.14 and a beta of 1.10. The company’s 50 day simple moving average is GBX 1.66 and its two-hundred day simple moving average is GBX 3.11.

Sound Energy (LON:SOU) last announced its quarterly earnings results on Thursday, September 17th. The company reported GBX (1.46) EPS for the quarter. Research analysts expect that Sound Energy plc will post -0.4 EPS for the current fiscal year.

About Sound Energy

Sound Energy is an upstream gas company with assets in Morocco, listed on the AIM market of the London Stock Exchange. Sound energy is focussed on providing lower carbon footprint fuels, powering the region’s energy transition through cash generative developments.

Sound Energy is developing Phase 1 of its operations in the Tendrara production concession, a Micro LNG facility to supply gas to Moroccan industry. Phase 2 will see gas delivered to the Maghreb-Europe pipeline. Our exploration portfolio continues to hold multi-Tcf upside potential.

Natural gas is a key part of Morocco’s de-carbonisation strategy, displacing power generation from carbon-intensive coal.