Sound Energy (LON:SOU) Announces Earnings Results

Sound Energy (LON:SOU) issued its quarterly earnings data on Thursday. The company reported GBX (6.28) (($0.08)) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Sound Energy Trading Up 1.8 %

SOU opened at GBX 0.66 ($0.01) on Friday. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 182.23. The firm has a 50-day moving average price of GBX 0.72 and a two-hundred day moving average price of GBX 0.78. Sound Energy has a 1-year low of GBX 0.60 ($0.01) and a 1-year high of GBX 1.30 ($0.02). The stock has a market capitalization of £13.77 million, a PE ratio of -0.09 and a beta of 1.83.

Insiders Place Their Bets

In other Sound Energy news, insider Graham Lyon acquired 2,945,296 shares of the business’s stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £29,452.96 ($38,550.99). Company insiders own 50.69% of the company’s stock.

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.