Sound Energy (LON:SOU) Hits New 52-Week Low – Here’s What Happened

Sound Energy plc (LON:SOU) shares hit a new 52-week low during mid-day trading on Monday. The stock traded as low as GBX 1.50 and last traded at GBX 1.60, with a volume of 87480 shares changing hands. The stock had previously closed at GBX 1.50.

Sound Energy Stock Performance

The company has a quick ratio of 2.08, a current ratio of 0.05 and a debt-to-equity ratio of -541.45. The firm has a market cap of £3.66 million, a P/E ratio of -0.14 and a beta of 1.10. The firm has a fifty day moving average of GBX 1.64 and a 200-day moving average of GBX 2.97.

Sound Energy (LON:SOU) last issued its earnings results on Thursday, September 17th. The company reported GBX (1.46) earnings per share (EPS) for the quarter. Research analysts predict that Sound Energy plc will post -0.4 earnings per share for the current fiscal 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.