Sound Energy (LON:SOU) Hits New 12-Month Low – Here’s What Happened

Sound Energy plc (LON:SOU)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.66 ($0.01), with a volume of 6093226 shares traded. The stock had previously closed at GBX 0.69 ($0.01).

Sound Energy Trading Down 3.9 %

The company has a market capitalization of £13.73 million, a price-to-earnings ratio of -0.09 and a beta of 1.83. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 182.23. The company’s fifty day simple moving average is GBX 0.78 and its two-hundred day simple moving average is GBX 0.80.

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.