Sound Energy (LON:SOU) Stock Price Passes Above 200-Day Moving Average of $0.84

Shares of Sound Energy plc (LON:SOU) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.84 ($0.01) and traded as high as GBX 0.89 ($0.01). Sound Energy shares last traded at GBX 0.83 ($0.01), with a volume of 1,527,328 shares traded.

Sound Energy Stock Down 1.8 %

The stock has a market capitalization of £16.48 million, a price-to-earnings ratio of -80.00 and a beta of 1.72. The business’s 50-day moving average is GBX 0.88 and its two-hundred day moving average is GBX 0.84. The company has a quick ratio of 2.08, a current ratio of 2.20 and a debt-to-equity ratio of 20.04.

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.