Insider Buying: Sound Energy plc (LON:SOU) Insider Acquires 2,945,296 Shares of Stock

Sound Energy plc (LON:SOU) insider Graham Lyon purchased 2,945,296 shares of the stock in a transaction on Thursday, April 10th. The shares were acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £29,452.96 ($38,535.86).

Sound Energy Price Performance

SOU opened at GBX 0.66 ($0.01) on Monday. The stock’s 50 day moving average price is GBX 0.72 and its 200-day moving average price is GBX 0.78. Sound Energy plc has a 52-week low of GBX 0.60 ($0.01) and a 52-week high of GBX 1.30 ($0.02). The stock has a market capitalization of £13.77 million, a PE ratio of -0.09 and a beta of 1.83. The company has a debt-to-equity ratio of 182.23, a quick ratio of 2.08 and a current ratio of 0.60.

Sound Energy (LON:SOU) last issued its quarterly earnings data on Thursday, April 10th. The company reported GBX (6.28) (($0.08)) EPS for the quarter. On average, equities research analysts predict that Sound Energy plc will post -0.4 EPS for the current year.

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.