Sound Energy plc (LON:SOU – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 5 and last traded at GBX 5.50, with a volume of 1735073 shares trading hands. The stock had previously closed at GBX 5.11.
Sound Energy Trading Down 5.3%
The company has a debt-to-equity ratio of 326.29, a current ratio of 2.78 and a quick ratio of 2.08. The stock’s 50 day moving average is GBX 7.94 and its 200-day moving average is GBX 7.75. The company has a market capitalization of £9.36 million, a P/E ratio of -1.80 and a beta of 1.02.
About Sound Energy
Sound Energy is developing Phase 1 of its operations in the Tendrara production concession, a Micro LNG facility to supply gas to Moroccan industry. Phase 2 will see gas delivered to the Maghreb-Europe pipeline. Our exploration portfolio continues to hold multi-Tcf upside potential.
Natural gas is a key part of Morocco’s de-carbonisation strategy, displacing power generation from carbon-intensive coal.
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