Sound Energy (LON:SOU) Hits New 1-Year Low – What’s Next?

Sound Energy plc (LON:SOU – Get Free Report)’s stock price hit a new 52-week low on Monday. The company traded as low as GBX 1.30 and last traded at GBX 1.30, with a volume of 246,036 shares. The stock had previously closed at GBX 1.30.

Sound Energy Stock Performance

The company has a market cap of £2.98 million, a P/E ratio of -0.13 and a beta of 1.10. The firm has a 50 day moving average price of GBX 1.56 and a 200-day moving average price of GBX 2.36. The company has a debt-to-equity ratio of -541.45, a quick ratio of 2.08 and a current ratio of 0.05.

Sound Energy (LON:SOU – Get Free Report) last issued its quarterly earnings data on Thursday, September 17th. The company reported GBX (1.46) earnings per share for the quarter. On average, research analysts predict that Sound Energy plc will post -0.40 EPS for the current year.

About Sound Energy

(Get Free Report)

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.

Featured Articles

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.