Sound Energy (LON:SOU) Issues Earnings Results

Sound Energy (LON:SOU) posted its quarterly earnings data on Thursday. The company reported GBX (1.46) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Sound Energy Stock Performance

Shares of SOU opened at GBX 1.59 on Thursday. Sound Energy has a one year low of GBX 1.50 and a one year high of GBX 13. The firm has a market capitalization of £3.64 million, a PE ratio of -0.14 and a beta of 1.10. The company has a debt-to-equity ratio of -829.10, a current ratio of 2.95 and a quick ratio of 2.08. The company has a 50-day simple moving average of GBX 1.68 and a two-hundred day simple moving average of GBX 3.26.

Insiders Place Their Bets

In other Sound Energy news, insider Graham Lyon bought 603,093 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of GBX 2 per share, with a total value of £12,061.86. Company insiders own 11.49% of the company’s stock.

About Sound Energy

Sound Energy is an upstream gas company with assets in Morocco, listed on the AIM market of the London Stock Exchange. Sound energy is focussed on providing lower carbon footprint fuels, powering the region’s energy transition through cash generative developments.

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.