Sound Energy (LON:SOU) Posts Quarterly Earnings Results

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

Sound Energy Stock Performance

Shares of SOU stock opened at GBX 1.59 on Thursday. The company has a debt-to-equity ratio of -829.10, a quick ratio of 2.08 and a current ratio of 2.95. The firm has a market capitalization of £3.64 million, a price-to-earnings ratio of -0.14 and a beta of 1.10. Sound Energy has a one year low of GBX 1.50 and a one year high of GBX 13. The company has a 50 day moving average price of GBX 1.68 and a 200 day moving average price of GBX 3.26.

Insider Activity

In other news, insider Graham Lyon acquired 603,093 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of GBX 2 per share, for a total transaction of £12,061.86. 11.49% of the stock is owned by corporate insiders.

Sound Energy Company Profile

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.