Sound Energy (LON:SOU – Get 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
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.
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