Insider Buying: Sound Energy (LON:SOU) Insider Acquires £12,061.86 in Stock

Sound Energy plc (LON:SOU) insider Graham Lyon purchased 603,093 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of GBX 2 per share, with a total value of £12,061.86.

Sound Energy Stock Up 8.3%

Shares of LON SOU opened at GBX 2.17 on Wednesday. The company has a current ratio of 2.95, a quick ratio of 2.08 and a debt-to-equity ratio of -829.10. The business has a 50-day moving average of GBX 3.39 and a 200-day moving average of GBX 6.46. The firm has a market capitalization of £4.95 million, a price-to-earnings ratio of -0.20 and a beta of 1.14. Sound Energy plc has a 12 month low of GBX 1.60 and a 12 month high of GBX 13.

Sound Energy (LON:SOU) last announced its earnings results on Friday, May 22nd. The company reported GBX (11.10) earnings per share for the quarter. Sell-side analysts expect that Sound Energy plc will post -0.4 earnings per share for the current fiscal year.

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.