Sound Energy (LON:SOU) Posts Earnings Results

Sound Energy (LON:SOU) posted its quarterly earnings data on Thursday. The company reported GBX (1.46) earnings per share for the quarter, Digital Look Earnings reports.

Sound Energy Trading Down 1.1%

Shares of LON SOU opened at GBX 1.53 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.08 and a debt-to-equity ratio of -829.10. The stock has a market capitalization of £3.51 million, a PE ratio of -0.14 and a beta of 1.10. Sound Energy has a twelve month low of GBX 1.50 and a twelve month high of GBX 13. The stock has a fifty day simple moving average of GBX 1.67 and a 200-day simple moving average of GBX 3.22.

Insider Buying and Selling

In related news, insider Graham Lyon purchased 603,093 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of GBX 2 per share, for a total transaction of £12,061.86. 11.49% of the stock is owned by insiders.

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.