Sound Energy (LON:SOU) Trading Up 35.4% – Here’s Why

Sound Energy plc (LON:SOU)’s share price was up 35.4% during trading on Wednesday . The stock traded as high as GBX 0.94 ($0.01) and last traded at GBX 0.88 ($0.01). Approximately 5,051,379 shares changed hands during mid-day 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 Up 34.6 %

The firm’s 50-day moving average is GBX 0.74 and its 200 day moving average is GBX 0.84. The firm has a market capitalization of £17.85 million, a PE ratio of -10.83 and a beta of 1.83. The company has a debt-to-equity ratio of 181.82, a quick ratio of 2.08 and a current ratio of 5.72.

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.