Sound Energy plc (LON:SOU – Get Free Report)’s share price reached a new 52-week low during trading on Monday. The company traded as low as GBX 1.40 and last traded at GBX 1.40, with a volume of 612,112 shares changing hands. The stock had previously closed at GBX 1.42.
Sound Energy Trading Down 1.4%
The company has a debt-to-equity ratio of -541.45, a quick ratio of 2.08 and a current ratio of 0.05. The firm has a market capitalization of £3.21 million, a price-to-earnings ratio of -0.14 and a beta of 1.10. The company has a 50 day moving average price of GBX 1.62 and a two-hundred day moving average price of GBX 2.56.
Sound Energy (LON:SOU – Get Free Report) last announced its earnings results on Thursday, September 17th. The company reported GBX (1.46) earnings per share (EPS) for the quarter. On average, research analysts forecast that Sound Energy plc will post -0.40 EPS for the current year.
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.
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