Sound Energy (LON:SOU) Sets New 52-Week Low – Here’s Why

Sound Energy plc (LON:SOU)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.66 ($0.01), with a volume of 6093226 shares changing hands. The stock had previously closed at GBX 0.69 ($0.01).

Sound Energy Price Performance

The company has a market capitalization of £13.73 million, a P/E ratio of -0.09 and a beta of 1.83. The business’s 50-day simple moving average is GBX 0.78 and its 200 day simple moving average is GBX 0.80. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 182.23.

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.