Sound Energy plc (LON:SOU – Get Free Report) hit a new 52-week low during mid-day trading on Monday. The company traded as low as GBX 1.30 and last traded at GBX 1.35, with a volume of 77,487 shares traded. The stock had previously closed at GBX 1.30.
Sound Energy Price Performance
The stock has a market capitalization of £3.09 million, a PE ratio of -0.14 and a beta of 1.10. The company has a current ratio of 0.05, a quick ratio of 2.08 and a debt-to-equity ratio of -541.45. The company’s 50 day simple moving average is GBX 1.48 and its 200 day simple moving average is GBX 3.57.
Sound Energy (LON:SOU – Get Free Report) last issued its quarterly earnings results on Thursday, September 17th. The company reported GBX (1.46) earnings per share for the quarter. On average, equities analysts anticipate that Sound Energy plc will post -0.40 earnings per share 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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