Shares of Sound Energy plc (LON:SOU – Get Free Report) rose 4.7% during mid-day trading on Wednesday . The company traded as high as GBX 0.67 and last traded at GBX 0.63. Approximately 462,847 shares changed hands during trading, a decline of 83% from the average daily volume of 2,699,969 shares. The stock had previously closed at GBX 0.60.
Sound Energy Price Performance
The stock has a market capitalization of £13.63 million, a P/E ratio of -2.62 and a beta of 1.83. The business has a fifty day simple moving average of GBX 0.63 and a 200 day simple moving average of GBX 0.70. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 182.23.
Sound Energy (LON:SOU – Get Free Report) last announced its earnings results on Thursday, September 18th. The company reported GBX (0.27) earnings per share (EPS) for the quarter. On average, analysts expect that Sound Energy plc will post -0.4 earnings per share for the current 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.
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