Sunda Energy (LON:SNDA) Stock Price Up 71.4% – Here’s What Happened

Sunda Energy Plc (LON:SNDAGet Free Report)’s stock price rose 71.4% on Thursday . The stock traded as high as GBX 2.76 and last traded at GBX 2.40. 43,822,035 shares changed hands during trading, an increase of 1,535% from the average daily volume of 2,680,544 shares. The stock had previously closed at GBX 1.40.

Sunda Energy Trading Down 8.0%

The stock has a market cap of £10.50 million, a P/E ratio of -2.30 and a beta of 0.38. The firm has a 50-day simple moving average of GBX 1.43 and a two-hundred day simple moving average of GBX 2.33.

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

About Sunda Energy

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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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