Sound Energy (LON:SOU) Stock Price Up 15.3% – Still a Buy?

Sound Energy plc (LON:SOU)’s share price traded up 15.3% during mid-day trading on Tuesday . The company traded as high as GBX 1.05 ($0.01) and last traded at GBX 1.04 ($0.01). 19,165,625 shares traded hands during mid-day trading, an increase of 441% from the average session volume of 3,545,793 shares. The stock had previously closed at GBX 0.90 ($0.01).

Sound Energy Stock Performance

The stock’s fifty day simple moving average is GBX 0.75 and its two-hundred day simple moving average is GBX 0.84. The company has a market cap of £21.18 million, a price-to-earnings ratio of -15.00 and a beta of 1.83. The company has a debt-to-equity ratio of 181.82, a quick ratio of 2.08 and a current ratio of 5.72.

About Sound Energy

Sound Energy plc, through its subsidiaries, engages in the exploration, appraisal, and development of gas assets in Morocco. It operates through exploration and appraisal; and development and production segments. The company holds 75% interests in the Greater Tendrara project that covers an area of approximately 14,411 square kilometers; the Tendrara project, which covers an area of approximately 133.5 square kilometers; and the Anoual project covering an area of approximately 8,873 square kilometers located in Eastern Morocco, as well as the Sidi Mokhtar project that covers an area of approximately 4,712 square kilometers.