Sound Energy (LON:SOU) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Sound Energy plc (LON:SOU) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 0.84 ($0.01) and traded as high as GBX 1.10 ($0.01). Sound Energy shares last traded at GBX 1.01 ($0.01), with a volume of 218,529 shares changing hands.

Sound Energy Stock Down 2.0 %

The stock has a fifty day moving average of GBX 0.78 and a 200 day moving average of GBX 0.84. The company has a debt-to-equity ratio of 181.82, a current ratio of 5.72 and a quick ratio of 2.08. The firm has a market capitalization of £20.50 million, a P/E ratio of -16.75 and a beta of 1.83.

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.