Sound Energy (LON:SOU) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Sound Energy plc (LON:SOU)’s share price 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.

Sound Energy Stock Up 7.3 %

The company has a market cap of £22.44 million, a P/E ratio of -18.33 and a beta of 1.83. 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 firm has a fifty day moving average price of GBX 0.79 and a 200 day moving average price of GBX 0.84.

Sound Energy Company Profile

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.