Sound Energy (LON:SOU) Stock Price Passes Below 50 Day Moving Average of $12.21

Sound Energy PLC (LON:SOU) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.21 and traded as low as $7.51. Sound Energy shares last traded at $7.65, with a volume of 2,663,703 shares traded.

The company has a debt-to-equity ratio of 11.43, a current ratio of 2.48 and a quick ratio of 2.37. The stock has a 50 day simple moving average of GBX 11.98. The stock has a market capitalization of $80.76 million and a P/E ratio of -10.93.

In other news, insider Brian Mitchener acquired 150,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of GBX 12 ($0.16) per share, with a total value of £18,000 ($23,520.19).

Sound Energy Company Profile (LON:SOU)

Sound Energy plc, through its subsidiaries, engages in the exploration, appraisal, and development of oil and gas assets. The company holds 47.5% interest in the Tendrara license covering an area of 9,336 square kilometers; Anoual license, which covers an area of 8,873 square kilometers; and Matarka license that covers an area of 5,223 square kilometers located in Eastern Morocco.

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