Sound Energy (LON:SOU) Shares Down 5.6% – Here’s What Happened

Sound Energy plc (LON:SOU) shares fell 5.6% during trading on Thursday . The company traded as low as GBX 1.10 ($0.01) and last traded at GBX 1.18 ($0.01). 18,261,240 shares traded hands during mid-day trading, an increase of 390% from the average session volume of 3,723,017 shares. The stock had previously closed at GBX 1.25 ($0.02).

Sound Energy Stock Performance

The company has a market cap of £19.34 million, a price-to-earnings ratio of -15.80 and a beta of 1.83. The company has a debt-to-equity ratio of 181.82, a quick ratio of 2.08 and a current ratio of 5.72. The company has a fifty day moving average of GBX 0.77 and a two-hundred day moving average of GBX 0.84.

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.