Shares of Sound Energy plc (LON:SOU – Get Free Report) shot up 13% during trading on Friday . The company traded as high as GBX 0.68 and last traded at GBX 0.68. 2,598,888 shares were traded during trading, a decline of 5% from the average session volume of 2,727,849 shares. The stock had previously closed at GBX 0.60.
Sound Energy Stock Up 13.0%
The firm’s 50-day simple moving average is GBX 0.65 and its two-hundred day simple moving average is GBX 0.70. The company has a debt-to-equity ratio of 182.23, a current ratio of 0.60 and a quick ratio of 2.08. The company has a market capitalization of £14.11 million, a price-to-earnings ratio of -2.71 and a beta of 1.83.
Sound Energy (LON:SOU – Get Free Report) last announced its quarterly earnings results on Thursday, September 18th. The company reported GBX (0.27) EPS for the quarter. Sell-side analysts predict that Sound Energy plc will post -0.4 EPS for the current fiscal 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.
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