Sound Energy (LON:SOU) Reaches New 1-Year Low – Here’s What Happened

Sound Energy plc (LON:SOU) hit a new 52-week low during mid-day trading on Monday. The company traded as low as GBX 1.40 and last traded at GBX 1.40, with a volume of 612,112 shares. The stock had previously closed at GBX 1.42.

Sound Energy Trading Down 1.4%

The company has a quick ratio of 2.08, a current ratio of 0.05 and a debt-to-equity ratio of -541.45. The company’s 50-day moving average is GBX 1.62 and its 200 day moving average is GBX 2.56. The company has a market cap of £3.21 million, a price-to-earnings ratio of -0.14 and a beta of 1.10.

Sound Energy (LON:SOU) last issued its quarterly earnings data on Thursday, September 17th. The company reported GBX (1.46) earnings per share for the quarter. Research analysts predict that Sound Energy plc will post -0.40 EPS for the current year.

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.