Sound Energy (LON:SOU) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Sound Energy plc (LON:SOU) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.84 ($0.01) and traded as low as GBX 0.80 ($0.01). Sound Energy shares last traded at GBX 0.80 ($0.01), with a volume of 3,268,161 shares changing hands.

Sound Energy Stock Performance

The stock has a market capitalization of £16.32 million, a P/E ratio of -13.33 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 company has a 50-day moving average price of GBX 0.85 and a two-hundred day moving average price of GBX 0.84.

About Sound Energy

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.