Sound Energy (LON:SOU) Shares Pass Below 200 Day Moving Average of $6.18
Sound Energy PLC (LON:SOU) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.18 and traded as low as $1.75. Sound Energy shares last traded at $1.87, with a volume of 4,053,954 shares trading hands.
The company has a debt-to-equity ratio of 12.66, a quick ratio of 2.03 and a current ratio of 2.21. The stock’s 50-day moving average is GBX 2.27 and its 200 day moving average is GBX 6.15. The firm has a market cap of $20.22 million and a P/E ratio of -0.99.
Sound Energy Company Profile (LON:SOU)
Sound Energy plc, through its subsidiaries, engages in the exploration, appraisal, and development of oil and gas assets. The company holds 47.5% interest in the Tendrara license covering an area of 9,336 square kilometers; Anoual license, which covers an area of 8,873 square kilometers; and Matarka license that covers an area of 5,223 square kilometers located in Eastern Morocco.
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