Sound Energy (LON:SOU) Reaches New 12-Month High – What’s Next?

Shares of Sound Energy plc (LON:SOU) hit a new 52-week high on Wednesday . The stock traded as high as GBX 1.30 ($0.02) and last traded at GBX 1.25 ($0.02), with a volume of 26763990 shares traded. The stock had previously closed at GBX 1.05 ($0.01).

Sound Energy Stock Up 19.0 %

The stock has a market cap of £25.50 million, a PE ratio of -17.50 and a beta of 1.83. The business has a 50-day moving average price of GBX 0.75 and a 200-day moving average price of GBX 0.84. The company has a current ratio of 5.72, a quick ratio of 2.08 and a debt-to-equity ratio of 181.82.

Sound Energy Company Profile

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.