Sound Energy (LON:SOU) Hits New 1-Year Low – Here’s What Happened

by · The Markets Daily

Sound Energy plc (LON:SOU – Get Free Report)’s share price hit a new 52-week low during trading on Monday . The company traded as low as GBX 1.50 and last traded at GBX 1.60, with a volume of 10840 shares traded. The stock had previously closed at GBX 1.61.

Sound Energy Stock Down 0.5%

The company has a market capitalization of £3.67 million, a P/E ratio of -0.14 and a beta of 1.11. The stock has a 50 day moving average price of GBX 2.22 and a 200 day moving average price of GBX 5.11. The company has a debt-to-equity ratio of -829.10, a quick ratio of 2.08 and a current ratio of 2.95.

Sound Energy (LON:SOU – Get Free Report) last released its earnings results on Friday, May 22nd. The company reported GBX (11.10) earnings per share for the quarter. Equities research analysts forecast that Sound Energy plc will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Sound Energy

In other news, insider Graham Lyon bought 603,093 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average price of GBX 2 per share, with a total value of £12,061.86. 11.49% of the stock is currently owned by corporate insiders.

About Sound Energy

(Get Free Report)

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.

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