Sound Energy (LON:SOU) Reaches New 52-Week Low – Time to Sell?

by · The Markets Daily

Shares of Sound Energy plc (LON:SOU – Get Free Report) hit a new 52-week low on Monday. The company traded as low as GBX 1.30 and last traded at GBX 1.38, with a volume of 77,193 shares. The stock had previously closed at GBX 1.38.

Sound Energy Price Performance

The company has a 50-day simple moving average of GBX 1.59 and a 200-day simple moving average of GBX 2.42. The stock has a market cap of £2.98 million, a PE ratio of -0.13 and a beta of 1.10. The company has a debt-to-equity ratio of -541.45, a current ratio of 0.05 and a quick ratio of 2.08.

Sound Energy (LON:SOU – Get Free Report) last released its earnings results on Thursday, September 17th. The company reported GBX (1.46) EPS for the quarter. Sell-side analysts anticipate that Sound Energy plc will post -0.40 EPS for the current fiscal year.

About Sound Energy

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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.

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