Sound Energy (LON:SOU) Share Price Passes Below 200 Day Moving Average of $0.82

Sound Energy plc (LON:SOU) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0.82 ($0.01) and traded as low as GBX 0.81 ($0.01). Sound Energy shares last traded at GBX 0.85 ($0.01), with a volume of 1,553,977 shares trading hands.

Sound Energy Trading Down 2.8 %

The business’s 50 day moving average price is GBX 0.90 and its 200-day moving average price is GBX 0.82. The company has a current ratio of 1.87, a quick ratio of 2.08 and a debt-to-equity ratio of 19.05. The company has a market cap of £15.25 million, a price-to-earnings ratio of -80.00 and a beta of 1.69.

Sound Energy Company Profile

Sound Energy plc, through its subsidiaries, engages in the exploration, appraisal, and development of gas assets in Morocco. It operates through exploration and appraisal; and development and production segments. The company holds 75% interests in the Greater Tendrara project that covers an area of approximately 14,411 square kilometers; the Tendrara project, which covers an area of approximately 133.5 square kilometers; and the Anoual project covering an area of approximately 8,873 square kilometers located in Eastern Morocco, as well as the Sidi Mokhtar project that covers an area of approximately 4,712 square kilometers.