Sound Energy (LON:SOU) Hits New 52-Week High – Still a Buy?

Sound Energy plc (LON:SOU) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1.30 ($0.02) and last traded at GBX 1.25 ($0.02), with a volume of 26763990 shares trading hands. The stock had previously closed at GBX 1.05 ($0.01).

Sound Energy Price Performance

The company has a current ratio of 5.72, a quick ratio of 2.08 and a debt-to-equity ratio of 181.82. The company has a market capitalization of £19.34 million, a PE ratio of -15.80 and a beta of 1.83. The company’s 50 day moving average price is GBX 0.77 and its 200-day moving average price is 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.