Sound Energy (LON:SOU) Announces Quarterly Earnings Results

Sound Energy (LON:SOU) released its quarterly earnings results on Friday. The company reported GBX (11.10) EPS for the quarter, Digital Look Earnings reports.

Sound Energy Trading Down 2.9%

LON:SOU traded down GBX 0.14 on Friday, reaching GBX 4.70. 5,841 shares of the stock traded hands, compared to its average volume of 395,908. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 326.29. Sound Energy has a 1-year low of GBX 3.96 and a 1-year high of GBX 13. The company’s 50 day moving average is GBX 4.97 and its 200-day moving average is GBX 7.20. The firm has a market capitalization of £10.73 million, a price-to-earnings ratio of -1.88 and a beta of 1.02.

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.