Sound Energy (LON:SOU) Reaches New 12-Month Low – Should You Sell?

Sound Energy plc (LON:SOU) reached a new 52-week low on Monday. The company traded as low as GBX 1.30 and last traded at GBX 1.35, with a volume of 77,487 shares. The stock had previously closed at GBX 1.30.

Sound Energy Trading Up 3.8%

The company has a quick ratio of 2.08, a current ratio of 0.05 and a debt-to-equity ratio of -541.45. The firm has a market cap of £3.09 million, a price-to-earnings ratio of -0.14 and a beta of 1.10. The business has a 50 day moving average of GBX 1.48 and a 200 day moving average of GBX 3.57.

Sound Energy (LON:SOU) last announced its earnings results on Thursday, September 17th. The company reported GBX (1.46) earnings per share for the quarter. On average, research analysts forecast that Sound Energy plc will post -0.40 earnings per share for the current fiscal year.

Sound Energy Company Profile

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.