Sunda Energy (LON:SNDA) Stock Price Up 22.8% – Here’s Why

Shares of Sunda Energy Plc (LON:SNDAGet Free Report) shot up 22.8% on Wednesday . The company traded as high as GBX 1.50 and last traded at GBX 1.32. Approximately 21,230,473 shares changed hands during trading, an increase of 775% from the average daily volume of 2,427,531 shares. The stock had previously closed at GBX 1.07.

Sunda Energy Stock Up 22.8%

The firm has a market cap of £5.87 million, a P/E ratio of -1.32 and a beta of 0.38. The business’s 50 day moving average is GBX 1.46 and its 200-day moving average is GBX 2.41.

Sunda Energy (LON:SNDAGet Free Report) last posted its quarterly earnings data 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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