Sound Energy (LON:SOU) Stock Crosses Above 200 Day Moving Average of $1.52

Sound Energy plc (LON:SOU – Get Rating)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1.52 ($0.02) and traded as high as GBX 1.84 ($0.02). Sound Energy shares last traded at GBX 1.76 ($0.02), with a volume of 481,472 shares trading hands.

Sound Energy Price Performance

The company has a market capitalization of £31.91 million, a P/E ratio of 190.00 and a beta of 1.55. The company has a fifty day moving average price of GBX 1.76 and a 200 day moving average price of GBX 1.53. The company has a debt-to-equity ratio of 17.11, a current ratio of 2.37 and a quick ratio of 2.08.

About Sound Energy

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Sound Energy plc, through its subsidiaries, engages in the exploration, appraisal, and development of oil and gas assets. It holds 75% interests in the Greater Tendrara license covering an area of 14,411 square kilometers; Anoual license totaling an area of 8,873 square kilometers; and Tendrara production concession that covers an area of 133.5 square kilometers located in Eastern Morocco, as well as Sidi Mokhtar license covering an area of 4,712 square kilometers located in Southern Morocco.