Sound Energy plc (LON:SOU – Get Free Report) insider Graham Lyon bought 603,093 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of GBX 2 per share, with a total value of £12,061.86.
Sound Energy Trading Up 8.3%
Shares of Sound Energy stock opened at GBX 2.17 on Wednesday. The company’s 50-day moving average price is GBX 3.39 and its 200-day moving average price is GBX 6.46. The company has a current ratio of 2.95, a quick ratio of 2.08 and a debt-to-equity ratio of -829.10. Sound Energy plc has a 12-month low of GBX 1.60 and a 12-month high of GBX 13. The company has a market cap of £4.95 million, a price-to-earnings ratio of -0.20 and a beta of 1.14.
Sound Energy (LON:SOU – Get Free Report) last issued its quarterly earnings data on Friday, May 22nd. The company reported GBX (11.10) EPS for the quarter. On average, equities analysts expect that Sound Energy plc will post -0.4 earnings per share for the current fiscal year.
About Sound Energy
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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