Sound Energy (LON:SOU) Stock Price Up 19%

Sound Energy plc (LON:SOU)’s share price shot up 19% during trading on Monday . The company traded as high as GBX 1.05 ($0.01) and last traded at GBX 1.05 ($0.01). 6,648,050 shares were traded during trading, an increase of 66% from the average session volume of 4,009,558 shares. The stock had previously closed at GBX 0.88 ($0.01).

Sound Energy Stock Performance

The company has a quick ratio of 2.08, a current ratio of 2.20 and a debt-to-equity ratio of 20.04. The company has a market cap of £20.80 million, a P/E ratio of -80.00 and a beta of 1.72. The business has a fifty day moving average of GBX 0.90 and a 200 day moving average of GBX 0.85.

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.