Sound Energy plc (LON:SOU – Get Free Report)’s share price hit a new 52-week low during trading on Monday . The company traded as low as GBX 1.50 and last traded at GBX 1.62, with a volume of 25873 shares. The stock had previously closed at GBX 1.62.
Sound Energy Stock Performance
The company has a quick ratio of 2.08, a current ratio of 2.95 and a debt-to-equity ratio of -829.10. The stock has a market cap of £3.51 million, a P/E ratio of -0.14 and a beta of 1.10. The stock has a fifty day simple moving average of GBX 1.69 and a 200-day simple moving average of GBX 3.30.
Insider Transactions at Sound Energy
In other news, insider Graham Lyon acquired 603,093 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average cost of GBX 2 per share, for a total transaction of £12,061.86. Company insiders own 11.49% 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. 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.
Further Reading
- Five stocks we like better than Sound Energy
- Homebuilders Are Down for the Year, Is Wall Street in Denial?
- Turning Trash to Cash: A $129M Bet on Waste
- Marex Stock Doubles on Record Profits, But Can the Rally Continue?
- 2 “Cheap for a Reason” Airline Stocks That May Be Worth the Risk
Receive News & Ratings for Sound Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sound Energy and related companies with MarketBeat.com's FREE daily email newsletter.
