Sound Energy (LON:SOU) Trading Down 7.3% – What’s Next?

Shares of Sound Energy plc (LON:SOU) dropped 7.3% during trading on Monday . The company traded as low as GBX 0.77 ($0.01) and last traded at GBX 0.77 ($0.01). Approximately 1,585,244 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 2,647,889 shares. The stock had previously closed at GBX 0.83 ($0.01).

Sound Energy Price Performance

The business’s 50-day moving average price is GBX 0.71 and its 200 day moving average price is GBX 0.77. 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 has a market capitalization of £15.96 million, a P/E ratio of -0.10 and a beta of 1.83.

Sound Energy (LON:SOU) last released its quarterly earnings data on Thursday, April 10th. The company reported GBX (6.28) (($0.08)) EPS for the quarter. Analysts anticipate that Sound Energy plc will post -0.4 EPS for the current fiscal year.

Insider Activity

In other news, insider Graham Lyon acquired 2,945,296 shares of the business’s stock in a transaction dated Thursday, April 10th. The stock was bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £29,452.96 ($39,134.95). 50.69% of the stock is owned by company insiders.

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.