Sound Energy (LON:SOU) Shares Up 12.7% – Here’s What Happened

Sound Energy plc (LON:SOU)’s stock price was up 12.7% on Friday . The company traded as high as GBX 0.85 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 1,716,569 shares changed hands during trading, a decline of 18% from the average daily volume of 2,091,130 shares. The stock had previously closed at GBX 0.75 ($0.01).

Sound Energy Price Performance

The company has a quick ratio of 2.08, a current ratio of 5.72 and a debt-to-equity ratio of 181.82. The business’s 50 day moving average is GBX 0.86 and its two-hundred day moving average is GBX 0.83. The firm has a market cap of £17.24 million, a P/E ratio of -14.08 and a beta of 1.83.

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.