Sound Energy (LON:SOU) Announces Quarterly Earnings Results

Sound Energy (LON:SOU) released its earnings results on Thursday. The company reported GBX (1.46) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Sound Energy Stock Performance

LON:SOU opened at GBX 1.60 on Friday. The company has a 50-day moving average of GBX 1.68 and a 200-day moving average of GBX 3.23. The firm has a market cap of £3.67 million, a price-to-earnings ratio of -0.14 and a beta of 1.10. 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 has a twelve month low of GBX 1.50 and a twelve month high of GBX 13.

Insider Activity at Sound Energy

In other Sound Energy news, insider Graham Lyon bought 603,093 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average cost of GBX 2 per share, with a total value of £12,061.86. 11.49% of the stock is owned by insiders.

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.