Sound Energy (LON:SOU) Trading 19% Higher

Sound Energy plc (LON:SOU) rose 19% during mid-day trading on Monday . The company traded as high as GBX 1.05 ($0.01) and last traded at GBX 1.05 ($0.01). Approximately 6,648,050 shares changed hands during trading, an increase of 66% from the average daily volume of 4,009,558 shares. The stock had previously closed at GBX 0.88 ($0.01).

Sound Energy Price Performance

The stock has a market capitalization of £20.14 million, a PE ratio of -80.00 and a beta of 1.72. The company’s 50 day simple moving average is GBX 0.90 and its 200 day simple moving average is GBX 0.85. The company has a current ratio of 2.20, a quick ratio of 2.08 and a debt-to-equity ratio of 20.04.

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.