Sound Energy (LON:SOU) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Sound Energy plc (LON:SOU)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.82 ($0.01) and traded as high as GBX 0.85 ($0.01). Sound Energy shares last traded at GBX 0.78 ($0.01), with a volume of 398,146 shares traded.

Sound Energy Price Performance

The company has a debt-to-equity ratio of 182.23, a current ratio of 0.60 and a quick ratio of 2.08. The firm has a market capitalization of £16.31 million, a P/E ratio of -0.11 and a beta of 1.83. The firm’s 50 day simple moving average is GBX 0.88 and its two-hundred day simple moving average is GBX 0.82.

About Sound Energy

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.