Sound Energy (LON:SOU) Sets New 12-Month Low – Time to Sell?

Sound Energy plc (LON:SOU)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 2 and last traded at GBX 2.20, with a volume of 9839771 shares changing hands. The stock had previously closed at GBX 2.75.

Sound Energy Stock Down 14.5%

The firm has a 50-day simple moving average of GBX 4.51 and a 200 day simple moving average of GBX 7.10. The company has a debt-to-equity ratio of -829.10, a current ratio of 2.95 and a quick ratio of 2.08. The company has a market capitalization of £4.29 million, a PE ratio of -0.75 and a beta of 1.02.

Sound Energy (LON:SOU) last released its quarterly earnings data on Friday, May 22nd. The company reported GBX (11.10) EPS for the quarter. On average, research analysts predict that Sound Energy plc will post -0.4 EPS for the current fiscal year.

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. 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.