Shares of Sunda Energy Plc (LON:SNDA – Get Free Report) dropped 14.1% during mid-day trading on Thursday . The company traded as low as GBX 1.10 and last traded at GBX 1.16. 10,008,146 shares were traded during mid-day trading, an increase of 340% from the average session volume of 2,276,193 shares. The stock had previously closed at GBX 1.35.
Sunda Energy Stock Performance
The business’s 50 day simple moving average is GBX 2.14 and its 200-day simple moving average is GBX 2.64. The company has a market cap of £4.66 million, a price-to-earnings ratio of -1.16 and a beta of 0.38.
Sunda Energy (LON:SNDA – Get Free Report) last posted its quarterly earnings results on Monday, June 1st. The company reported GBX (1) earnings per share for the quarter.
Sunda Energy Company Profile
Sunda Energy is an independent gas-focussed company focussed on the Asia-Pacific region. It has a material interest in the Chuditch gas project – an undeveloped, highly prospective offshore field in Timor-Leste – and two exploration Service Contracts offshore the Philippines. The Company is acquiring a 100% working interest in producing assets onshore New Zealand (subject to customary approvals, including government consent). Sunda is quoted on the AIM market of the London Stock Exchange (SNDA.L).
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