Sunda Energy (LON:SNDA) Stock Price Down 11.8% – Here’s What Happened

Sunda Energy Plc (LON:SNDA)’s share price was down 11.8% during mid-day trading on Thursday . The company traded as low as GBX 1.50 and last traded at GBX 1.50. Approximately 6,747,250 shares traded hands during mid-day trading, an increase of 304% from the average daily volume of 1,668,834 shares. The stock had previously closed at GBX 1.70.

Sunda Energy Trading Down 11.8%

The company has a market capitalization of £5.18 million, a P/E ratio of -1.88 and a beta of 0.38. The business has a 50 day moving average price of GBX 2.69 and a 200 day moving average price of GBX 2.73.

Sunda Energy (LON:SNDA) last posted its quarterly earnings results on Monday, June 1st. The company reported GBX (1) earnings per share for the quarter.

Sunda Energy Company Profile

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).