Sound Energy (LON:SOU) Sets New 12-Month Low – Here’s What Happened

Sound Energy plc (LON:SOU)’s stock price hit a new 52-week low during trading on Monday. The company traded as low as GBX 1.40 and last traded at GBX 1.40, with a volume of 612,112 shares changing hands. The stock had previously closed at GBX 1.42.

Sound Energy Stock Down 6.7%

The company has a debt-to-equity ratio of -541.45, a quick ratio of 2.08 and a current ratio of 0.05. The firm has a market cap of £3.21 million, a PE ratio of -0.14 and a beta of 1.10. The stock has a fifty day moving average price of GBX 1.61 and a 200-day moving average price of GBX 2.52.

Sound Energy (LON:SOU) last released its quarterly earnings results on Thursday, September 17th. The company reported GBX (1.46) EPS for the quarter. Research analysts expect that Sound Energy plc will post -0.40 EPS for the current 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. 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.