Sunda Energy (LON:SNDA) Trading 22.8% Higher – Here’s What Happened

Sunda Energy Plc (LON:SNDAGet Free Report) was up 22.8% during mid-day trading on Wednesday . The stock traded as high as GBX 1.50 and last traded at GBX 1.32. Approximately 21,230,473 shares changed hands during mid-day trading, an increase of 775% from the average daily volume of 2,427,531 shares. The stock had previously closed at GBX 1.07.

Sunda Energy Price Performance

The firm has a market capitalization of £7.12 million, a P/E ratio of -1.60 and a beta of 0.38. The stock’s 50 day moving average is GBX 1.44 and its two-hundred day moving average is GBX 2.40.

Sunda Energy (LON:SNDAGet Free Report) last announced its quarterly earnings data on Monday, June 1st. The company reported GBX (1) earnings per share for the quarter.

Sunda Energy Company Profile

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Sunda Energy is an independent gas-focussed company focussed on the Asia-Pacific region. It has a material interest in the Chuditch gas project – an undeveloped, highly prospective offshore field in Timor-Leste – and two exploration Service Contracts offshore the Philippines. The Company is acquiring a 100% working interest in producing assets onshore New Zealand (subject to customary approvals, including government consent). Sunda is quoted on the AIM market of the London Stock Exchange (SNDA.L).

Further Reading

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