Sound Energy (LON:SOU) Trading Up 20.2% – Should You Buy?

Sound Energy plc (LON:SOU)’s share price was up 20.2% during trading on Monday . The company traded as high as GBX 1.10 and last traded at GBX 1.10. Approximately 1,038,755 shares were traded during trading, a decline of 40% from the average daily volume of 1,735,833 shares. The stock had previously closed at GBX 0.92.

Sound Energy Stock Down 10.0%

The company has a fifty day moving average price of GBX 0.93 and a 200-day moving average price of GBX 0.77. The company has a debt-to-equity ratio of 182.23, a quick ratio of 2.08 and a current ratio of 0.60. The firm has a market capitalization of £18.73 million, a PE ratio of -3.60 and a beta of 1.83.

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. 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.