Sound Energy (LON:SOU) Issues Quarterly Earnings Results

Sound Energy (LON:SOU) released its quarterly earnings results on Thursday. The company reported GBX (1.46) EPS for the quarter, Digital Look Earnings reports.

Sound Energy Stock Performance

LON SOU opened at GBX 1.59 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.95 and a debt-to-equity ratio of -829.10. Sound Energy has a fifty-two week low of GBX 1.50 and a fifty-two week high of GBX 13. The business has a fifty day moving average of GBX 1.68 and a 200-day moving average of GBX 3.26. The stock has a market cap of £3.64 million, a price-to-earnings ratio of -0.14 and a beta of 1.10.

Insider Activity at Sound Energy

In related news, insider Graham Lyon acquired 603,093 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of GBX 2 per share, for a total transaction of £12,061.86. 11.49% of the stock is currently owned by insiders.

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. 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.