Sound Energy (LON:SOU) Reaches New 52-Week Low – Should You Sell?

Sound Energy plc (LON:SOU) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.66 ($0.01), with a volume of 6093226 shares. The stock had previously closed at GBX 0.69 ($0.01).

Sound Energy Trading Down 2.1 %

The firm has a 50 day simple moving average of GBX 0.77 and a 200 day simple moving average of GBX 0.80. The company has a debt-to-equity ratio of 182.23, a quick ratio of 2.08 and a current ratio of 0.60. The firm has a market cap of £14.25 million, a P/E ratio of -0.09 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.