Sound Energy (LON:SOU) Trading Up 11.7%

Sound Energy plc (LON:SOU)’s share price shot up 11.7% during mid-day trading on Tuesday . The company traded as high as GBX 0.85 ($0.01) and last traded at GBX 0.85 ($0.01). 163,455 shares changed hands during trading, a decline of 95% from the average session volume of 3,606,783 shares. The stock had previously closed at GBX 0.76 ($0.01).

Sound Energy Trading Up 11.7 %

The stock has a market capitalization of £17.30 million, a PE ratio of -12.65 and a beta of 1.83. The company’s 50 day moving average price is GBX 0.88 and its two-hundred day moving average price is GBX 0.90. The company has a debt-to-equity ratio of 20.04, a current ratio of 2.20 and a quick ratio of 2.08.

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.