Sound Energy (LON:SOU) Reaches New 1-Year Low – Time to Sell?

Shares of Sound Energy plc (LON:SOU) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 0.65 ($0.01) and last traded at GBX 0.68 ($0.01), with a volume of 571233 shares traded. The stock had previously closed at GBX 0.70 ($0.01).

Sound Energy Stock Down 3.6 %

The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 182.23. The stock’s 50 day moving average is GBX 0.75 and its 200 day moving average is GBX 0.79. The firm has a market cap of £14.04 million, a price-to-earnings ratio of -0.09 and a beta of 1.83.

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.