Sound Energy (LON:SOU) Shares Down 5.9% – Should You Sell?

Sound Energy plc (LON:SOU) shares fell 5.9% on Friday . The stock traded as low as GBX 0.75 ($0.01) and last traded at GBX 0.80 ($0.01). 6,152,382 shares traded hands during trading, an increase of 174% from the average session volume of 2,243,569 shares. The stock had previously closed at GBX 0.85 ($0.01).

Sound Energy Price Performance

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 stock has a market capitalization of £16.32 million, a price-to-earnings ratio of -13.33 and a beta of 1.83. The business’s 50 day simple moving average is GBX 0.85 and its 200-day simple moving average is 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.