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

Sound Energy plc (LON:SOU)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 1.60 and last traded at GBX 1.64, with a volume of 243238 shares traded. The stock had previously closed at GBX 1.80.

Sound Energy Stock Down 8.9%

The company has a quick ratio of 2.08, a current ratio of 2.95 and a debt-to-equity ratio of -829.10. The stock has a 50-day simple moving average of GBX 4.06 and a 200-day simple moving average of GBX 6.93. The firm has a market capitalization of £3.74 million, a PE ratio of -0.66 and a beta of 1.02.

Sound Energy (LON:SOU) last released its earnings results on Friday, May 22nd. The company reported GBX (11.10) earnings per share (EPS) for the quarter. Analysts forecast that Sound Energy plc will post -0.4 EPS for the current year.

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.