Sound Energy (LON:SOU) Shares Down 9% – Here’s Why

Sound Energy plc (LON:SOU)’s share price was down 9% on Thursday . The company traded as low as GBX 0.81 ($0.01) and last traded at GBX 0.81 ($0.01). Approximately 128,457 shares traded hands during trading, a decline of 93% from the average daily volume of 1,873,744 shares. The stock had previously closed at GBX 0.89 ($0.01).

Sound Energy Trading Down 9.0 %

The stock has a market cap of £16.52 million, a PE ratio of -13.50 and a beta of 1.83. The stock has a 50-day moving average price of GBX 0.84 and a two-hundred day moving average price of GBX 0.84. The company has a debt-to-equity ratio of 181.82, a current ratio of 5.72 and a quick ratio of 2.08.

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.