Sound Energy (LON:SOU) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Sound Energy plc (LON:SOU) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0.77 ($0.01) and traded as low as GBX 0.65 ($0.01). Sound Energy shares last traded at GBX 0.66 ($0.01), with a volume of 4,377,750 shares traded.

Sound Energy Stock Performance

The company has a market cap of £14.44 million, a price-to-earnings ratio of -0.09 and a beta of 1.83. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 182.23. The stock has a 50 day simple moving average of GBX 0.72 and a 200 day simple moving average of GBX 0.77.

Sound Energy (LON:SOU) last issued its earnings results on Thursday, April 10th. The company reported GBX (6.28) (($0.09)) EPS for the quarter. As a group, analysts predict that Sound Energy plc will post -0.4 EPS for the current year.

Insider Activity

In related news, insider Graham Lyon bought 2,000,000 shares of Sound Energy stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £20,000 ($27,140.72). Corporate insiders own 50.69% of the company’s stock.

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.