Sunda Energy (LON:SNDA) Stock Price Up 29.3% – Still a Buy?

Sunda Energy Plc (LON:SNDAGet Free Report)’s share price was up 29.3% during mid-day trading on Friday . The stock traded as high as GBX 3.10 and last traded at GBX 2.97. 24,533,127 shares traded hands during trading, an increase of 759% from the average session volume of 2,855,699 shares. The stock had previously closed at GBX 2.30.

Sunda Energy Price Performance

The stock has a market capitalization of £13.57 million, a P/E ratio of -2.97 and a beta of 0.38. The stock’s 50-day simple moving average is GBX 1.52 and its 200 day simple moving average is GBX 2.31.

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