Sound Energy (LON:SOU) Trading Down 1.3% – Should You Sell?

Sound Energy plc (LON:SOU) shares were down 1.3% on Tuesday . The company traded as low as GBX 0.90 ($0.01) and last traded at GBX 0.99 ($0.01). Approximately 584,854 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 1,933,477 shares. The stock had previously closed at GBX 1 ($0.01).

Sound Energy Stock Performance

The company has a quick ratio of 2.08, a current ratio of 5.72 and a debt-to-equity ratio of 181.82. The firm has a market cap of £17.85 million, a price-to-earnings ratio of -14.58 and a beta of 1.83. The business’s 50-day simple moving average is GBX 0.83 and its two-hundred day simple moving average is GBX 0.85.

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.