Sound Energy (LON:SOU) Reaches New 12-Month Low – What’s Next?

Sound Energy plc (LON:SOU)’s share price hit a new 52-week low during trading on Monday . The company traded as low as GBX 1.50 and last traded at GBX 1.60, with a volume of 10840 shares trading hands. The stock had previously closed at GBX 1.61.

Sound Energy Trading Down 0.5%

The company has a debt-to-equity ratio of -829.10, a current ratio of 2.95 and a quick ratio of 2.08. The stock’s 50 day moving average is GBX 2.22 and its 200-day moving average is GBX 5.11. The company has a market capitalization of £3.67 million, a P/E ratio of -0.14 and a beta of 1.11.

Sound Energy (LON:SOU) last posted its quarterly earnings data on Friday, May 22nd. The company reported GBX (11.10) earnings per share (EPS) for the quarter. As a group, equities research analysts anticipate that Sound Energy plc will post -0.4 earnings per share for the current year.

Insider Transactions at Sound Energy

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

About Sound Energy

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.