Sunda Energy (LON:SNDA) Sets New 12-Month High – Here’s Why

Sunda Energy Plc (LON:SNDAGet Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 3 and last traded at GBX 2.85, with a volume of 60855691 shares trading hands. The stock had previously closed at GBX 0.03.

Sunda Energy Price Performance

The company’s 50 day moving average price is GBX 0.03 and its 200 day moving average price is GBX 0.03. The firm has a market cap of £897.08 million, a PE ratio of -356.25 and a beta of 0.38.

Sunda Energy Company Profile

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Sunda Energy is an independent gas-focussed company focussed on the Asia-Pacific region. It has a material interest in the Chuditch gas project – an undeveloped, highly prospective offshore field in Timor-Leste – and two exploration Service Contracts offshore the Philippines. The Company is acquiring a 100% working interest in producing assets onshore New Zealand (subject to customary approvals, including government consent). Sunda is quoted on the AIM market of the London Stock Exchange (SNDA.L).

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