Sound Energy (LON:SOU) Trading Down 5.9% – What’s Next?

Sound Energy plc (LON:SOU) was down 5.9% during trading on Friday . The company traded as low as GBX 0.75 ($0.01) and last traded at GBX 0.80 ($0.01). Approximately 6,152,382 shares traded hands during mid-day trading, an increase of 174% from the average daily volume of 2,243,569 shares. The stock had previously closed at GBX 0.85 ($0.01).

Sound Energy Stock Down 5.9 %

The company has a current ratio of 5.72, a quick ratio of 2.08 and a debt-to-equity ratio of 181.82. The stock has a market cap of £16.32 million, a P/E ratio of -13.33 and a beta of 1.83. The firm has a 50-day simple moving average of GBX 0.85 and a two-hundred day simple moving average of GBX 0.84.

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.