Sunda Energy (LON:SNDA) Shares Up 34.6% – Here’s Why

Sunda Energy Plc (LON:SNDAGet Free Report) shares shot up 34.6% during trading on Tuesday . The stock traded as high as GBX 1.50 and last traded at GBX 1.50. 3,661,918 shares changed hands during trading, an increase of 60% from the average daily volume of 2,290,362 shares. The stock had previously closed at GBX 1.11.

Sunda Energy Trading Down 3.1%

The stock has a market cap of £5.05 million, a P/E ratio of -1.26 and a beta of 0.38. The business has a 50-day simple moving average of GBX 1.97 and a 200 day simple moving average of GBX 2.59.

Sunda Energy (LON:SNDAGet Free Report) last issued its quarterly earnings data on Monday, June 1st. The company reported GBX (1) earnings per share (EPS) for the quarter.

About Sunda Energy

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Sunda Energy is an independent gas-focussed company focussed on the Asia-Pacific region. It has a material interest in the Chuditch gas project – an undeveloped, highly prospective offshore field in Timor-Leste – and two exploration Service Contracts offshore the Philippines. The Company is acquiring a 100% working interest in producing assets onshore New Zealand (subject to customary approvals, including government consent). Sunda is quoted on the AIM market of the London Stock Exchange (SNDA.L).

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