Sound Energy (LON:SOU) Issues Quarterly Earnings Results

Sound Energy (LON:SOU) issued its quarterly earnings data on Friday. The company reported GBX (11.10) EPS for the quarter, Digital Look Earnings reports.

Sound Energy Trading Down 2.9%

Shares of Sound Energy stock opened at GBX 4.70 on Friday. The company has a debt-to-equity ratio of 326.29, a quick ratio of 2.08 and a current ratio of 2.78. The firm has a 50-day moving average of GBX 4.97 and a 200-day moving average of GBX 7.20. Sound Energy has a 52-week low of GBX 3.96 and a 52-week high of GBX 13. The stock has a market cap of £10.73 million, a PE ratio of -1.88 and a beta of 1.02.

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. Phase 2 will see gas delivered to the Maghreb-Europe pipeline. Our exploration portfolio continues to hold multi-Tcf upside potential.

Natural gas is a key part of Morocco’s de-carbonisation strategy, displacing power generation from carbon-intensive coal.