Sunda Energy (LON:SNDA) Trading Down 4.2% – Here’s Why

Sunda Energy Plc (LON:SNDAGet Free Report) shares fell 4.2% on Thursday . The stock traded as low as GBX 1 and last traded at GBX 1.15. 3,575,063 shares changed hands during trading, an increase of 60% from the average daily volume of 2,240,526 shares. The stock had previously closed at GBX 1.20.

Sunda Energy Stock Down 4.2%

The stock has a market capitalization of £5.11 million, a price-to-earnings ratio of -1.15 and a beta of 0.38. The business’s 50 day simple moving average is GBX 1.80 and its 200-day simple moving average is GBX 2.55.

Sunda Energy (LON:SNDAGet Free Report) last issued its earnings results on Monday, June 1st. The company reported GBX (1) EPS for the quarter.

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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