Sound Energy (LON:SOU) Shares Up 15.3% – What’s Next?

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

Sound Energy Trading Down 14.4 %

The company has a quick ratio of 2.08, a current ratio of 5.72 and a debt-to-equity ratio of 181.82. The company’s fifty day moving average price is GBX 0.76 and its two-hundred day moving average price is GBX 0.84. The firm has a market cap of £21.83 million, a PE ratio of -17.83 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.