Sound Energy (LON:SOU) Trading Down 1.3% – What’s Next?

Sound Energy plc (LON:SOU)’s share price was down 1.3% on Tuesday . The stock traded as low as GBX 0.90 ($0.01) and last traded at GBX 0.99 ($0.01). Approximately 584,854 shares changed hands during trading, a decline of 70% from the average daily volume of 1,933,477 shares. The stock had previously closed at GBX 1 ($0.01).

Sound Energy Price Performance

The stock has a market cap of £19.52 million, a PE ratio of -15.95 and a beta of 1.83. The business has a fifty day simple moving average of GBX 0.82 and a two-hundred day simple moving average of GBX 0.85. The company has a current ratio of 5.72, a quick ratio of 2.08 and a debt-to-equity ratio of 181.82.

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.