Sound Energy (LON:SOU) Releases Quarterly Earnings Results

Sound Energy (LON:SOUGet Free Report) posted its quarterly earnings data on Friday. The company reported GBX (11.10) earnings per share for the quarter, Digital Look Earnings reports.

Sound Energy Trading Down 2.9%

SOU opened at GBX 4.70 on Friday. Sound Energy has a twelve month low of GBX 3.96 and a twelve month high of GBX 13. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 326.29. The company has a fifty day moving average of GBX 4.90 and a 200-day moving average of GBX 7.18. 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

(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.

Further Reading

Earnings History for Sound Energy (LON:SOU)

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