Sound Energy (LON:SOU) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Sound Energy plc (LON:SOU) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0.77 ($0.01) and traded as low as GBX 0.65 ($0.01). Sound Energy shares last traded at GBX 0.67 ($0.01), with a volume of 8,030,419 shares changing hands.

Sound Energy Stock Performance

The stock has a market capitalization of £14.46 million, a PE ratio of -0.09 and a beta of 1.83. The firm’s fifty day moving average is GBX 0.72 and its 200-day moving average is GBX 0.77. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 182.23.

Sound Energy (LON:SOU) last released its earnings results on Thursday, April 10th. The company reported GBX (6.28) (($0.09)) earnings per share for the quarter. As a group, research analysts anticipate that Sound Energy plc will post -0.4 earnings per share for the current year.

Insider Buying and Selling at Sound Energy

In related news, insider Graham Lyon acquired 2,945,296 shares of the stock in a transaction dated Thursday, April 10th. The stock was acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £29,452.96 ($39,963.31). 50.69% of the stock is currently owned by corporate insiders.

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.