Sound Energy (LON:SOU) Shares Cross Below 200-Day Moving Average – Should You Sell?

Sound Energy plc (LON:SOU)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 0.77 ($0.01) and traded as low as GBX 0.65 ($0.01). Sound Energy shares last traded at GBX 0.66 ($0.01), with a volume of 4,377,750 shares trading hands.

Sound Energy Stock Up 2.8%

The company has a debt-to-equity ratio of 182.23, a quick ratio of 2.08 and a current ratio of 0.60. The firm’s 50-day simple moving average is GBX 0.72 and its 200 day simple moving average is GBX 0.77. The company has a market cap of £14.44 million, a P/E ratio of -0.09 and a beta of 1.83.

Sound Energy (LON:SOU) last released its quarterly earnings data on Thursday, April 10th. The company reported GBX (6.28) (($0.09)) EPS for the quarter. On average, research analysts forecast that Sound Energy plc will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Graham Lyon bought 2,000,000 shares of Sound Energy stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £20,000 ($27,140.72). Company insiders own 50.69% of the company’s stock.

Sound Energy Company Profile

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.