Sound Energy (LON:SOU) Trading Down 7.3% – Time to Sell?

Sound Energy plc (LON:SOU)’s stock price fell 7.3% during mid-day trading on Monday . The stock traded as low as GBX 0.77 ($0.01) and last traded at GBX 0.77 ($0.01). 1,585,244 shares were traded during trading, a decline of 40% from the average session volume of 2,647,889 shares. The stock had previously closed at GBX 0.83 ($0.01).

Sound Energy Price Performance

The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 182.23. The stock’s 50-day moving average price is GBX 0.71 and its 200 day moving average price is GBX 0.77. The firm has a market cap of £17.29 million, a price-to-earnings ratio of -0.11 and a beta of 1.83.

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

Insider Buying and Selling at Sound Energy

In other news, insider Graham Lyon purchased 2,945,296 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were acquired at an average price of GBX 1 ($0.01) per share, with a total value of £29,452.96 ($39,197.44). Corporate insiders own 50.69% of the company’s stock.

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.