Sunda Energy (LON:SNDA) Sets New 52-Week Low – What’s Next?

Sunda Energy Plc (LON:SNDAGet Free Report)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 1.88 and last traded at GBX 1.90, with a volume of 2287998 shares changing hands. The stock had previously closed at GBX 1.93.

Sunda Energy Price Performance

The company has a 50-day moving average price of GBX 2.97 and a 200 day moving average price of GBX 2.78. The firm has a market capitalization of £6.56 million, a PE ratio of -2.38 and a beta of 0.38.

Sunda Energy Company Profile

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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).

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