Shares of Sound Energy plc (LON:SOU – Get Free Report) reached a new 52-week low on Monday . The stock traded as low as GBX 5 and last traded at GBX 5.50, with a volume of 1735073 shares changing hands. The stock had previously closed at GBX 5.11.
Sound Energy Price Performance
The company has a 50-day moving average of GBX 8.12 and a 200 day moving average of GBX 7.78. The company has a debt-to-equity ratio of 326.29, a quick ratio of 2.08 and a current ratio of 2.78. The firm has a market cap of £11.44 million, a P/E ratio of -2.20 and a beta of 1.02.
Sound Energy Company Profile
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.
Further Reading
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