Sunda Energy (LON:SNDA) Trading 3.4% Higher – Here’s What Happened

Sunda Energy Plc (LON:SNDA) shares were up 3.4% during trading on Tuesday . The stock traded as high as GBX 1.50 and last traded at GBX 1.50. Approximately 4,412,537 shares were traded during mid-day trading, an increase of 185% from the average daily volume of 1,548,934 shares. The stock had previously closed at GBX 1.45.

Sunda Energy Trading Up 3.4%

The stock has a market cap of £5.18 million, a P/E ratio of -1.88 and a beta of 0.38. The company’s 50 day moving average price is GBX 2.74 and its two-hundred day moving average price is GBX 2.74.

Sunda Energy (LON:SNDA) last announced its earnings results on Monday, June 1st. The company reported GBX (1) EPS for the quarter.

Sunda Energy Company Profile

Sunda Energy is an independent gas-focussed company focussed on the Asia-Pacific region. It has a material interest in the Chuditch gas project – an undeveloped, highly prospective offshore field in Timor-Leste – and two exploration Service Contracts offshore the Philippines. The Company is acquiring a 100% working interest in producing assets onshore New Zealand (subject to customary approvals, including government consent). Sunda is quoted on the AIM market of the London Stock Exchange (SNDA.L).