Sound Energy (LON:SOU) Trading 19.3% Higher – Still a Buy?

Sound Energy plc (LON:SOU)’s stock price shot up 19.3% on Thursday . The stock traded as high as GBX 0.75 ($0.01) and last traded at GBX 0.72 ($0.01). 1,637,949 shares were traded during trading, a decline of 22% from the average session volume of 2,090,885 shares. The stock had previously closed at GBX 0.60 ($0.01).

Sound Energy Price Performance

The company has a fifty day moving average price of GBX 0.74 and a two-hundred day moving average price of GBX 0.79. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 182.23. The company has a market cap of £15.94 million, a price-to-earnings ratio of -0.10 and a beta of 1.83.

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.