Sound Energy plc (LON:SOU – Get Free Report)’s stock price reached a new 52-week low on Monday. The company traded as low as GBX 1.30 and last traded at GBX 1.38, with a volume of 77,193 shares. The stock had previously closed at GBX 1.38.
Sound Energy Stock Performance
The company has a debt-to-equity ratio of -541.45, a quick ratio of 2.08 and a current ratio of 0.05. The company’s fifty day simple moving average is GBX 1.60 and its 200-day simple moving average is GBX 2.46. The company has a market capitalization of £3.16 million, a P/E ratio of -0.14 and a beta of 1.10.
Sound Energy (LON:SOU – Get Free Report) last posted its earnings results on Thursday, September 17th. The company reported GBX (1.46) EPS for the quarter. Research analysts predict that Sound Energy plc will post -0.40 earnings per share for the current year.
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.
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