Sunda Energy (LON:SNDA) Reaches New 52-Week Low – What’s Next?

Sunda Energy Plc (LON:SNDAGet Free Report)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 1.60 and last traded at GBX 1.70, with a volume of 2211501 shares trading hands. The stock had previously closed at GBX 1.82.

Sunda Energy Trading Down 6.6%

The firm has a 50-day moving average of GBX 2.82 and a 200 day moving average of GBX 2.75. The company has a market cap of £5.87 million, a P/E ratio of -2.13 and a beta of 0.38.

Sunda Energy Company Profile

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Sunda Energy is an independent gas-focussed company focussed on the Asia-Pacific region. It has a material interest in the Chuditch gas project – an undeveloped, highly prospective offshore field in Timor-Leste – and two exploration Service Contracts offshore the Philippines. The Company is acquiring a 100% working interest in producing assets onshore New Zealand (subject to customary approvals, including government consent). Sunda is quoted on the AIM market of the London Stock Exchange (SNDA.L).

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