Sunda Energy (LON:SNDA) Shares Up 71.4% – Here’s What Happened

Sunda Energy Plc (LON:SNDAGet Free Report) traded up 71.4% during mid-day trading on Thursday . The company traded as high as GBX 2.76 and last traded at GBX 2.40. Approximately 43,822,035 shares traded hands during mid-day trading, an increase of 1,535% from the average session volume of 2,680,544 shares. The stock had previously closed at GBX 1.40.

Sunda Energy Stock Up 71.4%

The firm has a market capitalization of £10.96 million, a PE ratio of -2.40 and a beta of 0.38. The firm has a 50-day moving average price of GBX 1.39 and a 200 day moving average price of GBX 2.33.

Sunda Energy (LON:SNDAGet Free Report) last announced its earnings results on Monday, June 1st. The company reported GBX (1) EPS for the quarter.

About Sunda Energy

(Get Free Report)

Sunda Energy is an independent gas-focussed company focussed on the Asia-Pacific region. It has a material interest in the Chuditch gas project – an undeveloped, highly prospective offshore field in Timor-Leste – and two exploration Service Contracts offshore the Philippines. The Company is acquiring a 100% working interest in producing assets onshore New Zealand (subject to customary approvals, including government consent). Sunda is quoted on the AIM market of the London Stock Exchange (SNDA.L).

Read More

Receive News & Ratings for Sunda Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunda Energy and related companies with MarketBeat.com's FREE daily email newsletter.