Sound Energy (LON:SOU) Stock Price Down 8% – Should You Sell?

Sound Energy plc (LON:SOU)’s share price dropped 8% on Monday . The stock traded as low as GBX 0.64 ($0.01) and last traded at GBX 0.64 ($0.01). Approximately 8,212,623 shares were traded during trading, an increase of 188% from the average daily volume of 2,856,498 shares. The stock had previously closed at GBX 0.70 ($0.01).

Sound Energy Price Performance

The company has a debt-to-equity ratio of 182.23, a current ratio of 0.60 and a quick ratio of 2.08. The stock has a market capitalization of £14.46 million, a P/E ratio of -0.09 and a beta of 1.83. The company’s 50 day simple moving average is GBX 0.72 and its two-hundred day simple moving average is GBX 0.77.

Sound Energy (LON:SOU) last released its quarterly earnings results on Thursday, April 10th. The company reported GBX (6.28) (($0.08)) EPS for the quarter. As a group, equities analysts expect that Sound Energy plc will post -0.4 EPS for the current fiscal year.

Insider Activity

In other Sound Energy news, insider Graham Lyon acquired 2,000,000 shares of Sound Energy stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £20,000 ($27,001.49). 50.69% of the stock is owned by insiders.

About Sound Energy

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.