Sound Energy (LON:SOU) Stock Price Down 4.5% – What’s Next?

Sound Energy plc (LON:SOU)’s share price was down 4.5% on Friday . The stock traded as low as GBX 0.98 and last traded at GBX 1.05. Approximately 589,398 shares traded hands during trading, a decline of 80% from the average daily volume of 2,937,799 shares. The stock had previously closed at GBX 1.10.

Sound Energy Price Performance

The stock has a market cap of £21.85 million, a price-to-earnings ratio of -4.20 and a beta of 1.83. 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 company’s 50-day moving average is GBX 0.81 and its 200-day moving average is GBX 0.74.

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.