Sound Energy plc (LON:SOU – Get Free Report) was up 35.4% during trading on Wednesday . The company traded as high as GBX 0.94 ($0.01) and last traded at GBX 0.88 ($0.01). Approximately 5,051,379 shares traded hands during trading, an increase of 56% from the average daily volume of 3,236,290 shares. The stock had previously closed at GBX 0.65 ($0.01).
Sound Energy Stock Performance
The stock’s 50 day moving average price is GBX 0.74 and its 200 day moving average price is 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. The company has a market cap of £17.85 million, a price-to-earnings ratio of -10.83 and a beta of 1.83.
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.
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