Sound Energy (SOU)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.75p
   
  • Change Today:
      0.050p
  • 52 Week High: 1.25
  • 52 Week Low: 0.60
  • Currency: UK Pounds
  • Shares Issued: 2,080.62m
  • Volume: 840,162
  • Market Cap: £15.60m
  • RiskGrade: 409
  • Beta: 0.00

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Sound Energy losses widen as it continues Morocco development

By Josh White

Date: Thursday 23 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Sound Energy reported a group operating loss from continuing operations of ?12.63m in its final results on Thursday, narrowing slightly from the ?12.92m a year earlier.
The AIM-traded firm, which is pre-revenue, said its loss after tax from continuing operations widened to ?16.42m, however, from ?11.75m, with its basic and diluted loss for the year ended 31 December from both continuing and discontinued operations coming in at 1.54p, from 0.66p.

In Morocco, it noted the completion of the interpretation of seismic data for the Eastern Moroccan licences during the period.

Environmental impact assessment approvals for the 120 kilometre, 20 inch pipeline and gas treatment plant and compression station were received in January and March of this year, respectively.

The environmental impact assessment approval for the Sidi Moktar 2D seismic acquisition programme was received in November, with a marketing process for the Eastern Moroccan licences undertaken.

On the corporate front, Sound said it saw a "structural reduction" in administrative expenses in 2019, with further material reductions post-period end.

Its cash balance as at 31 December was ?4.6m.

"An equity placing to raise gross proceeds of ?2.4m at 10p per ordinary share completed in June 2019," the board highlighted in its statement.

It also pointed to an equity placing to raise gross proceeds of ?1.5m at 2p per ordinary share, which was announced in December and completed in January.

At 1514 BST, shares in Sound Energy were down 11.3% at 1.02p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sound Energy Market Data

Currency UK Pounds
Share Price 0.75p
Change Today 0.050p
% Change 7.14 %
52 Week High 1.25
52 Week Low 0.60
Volume 840,162
Shares Issued 2,080.62m
Market Cap £15.60m
Beta 0.00
RiskGrade 409

Sound Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.50% above the market average49.50% above the market average49.50% above the market average49.50% above the market average49.50% above the market average
43.66% above the sector average43.66% above the sector average43.66% above the sector average43.66% above the sector average43.66% above the sector average
Price Trend
70.39% below the market average70.39% below the market average70.39% below the market average70.39% below the market average70.39% below the market average
23.29% below the sector average23.29% below the sector average23.29% below the sector average23.29% below the sector average23.29% below the sector average
Income Not Available
Growth
25.53% above the market average25.53% above the market average25.53% above the market average25.53% above the market average25.53% above the market average
2.22% above the sector average2.22% above the sector average2.22% above the sector average2.22% above the sector average2.22% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sound Energy Dividends

No dividends found

Trades for 18-Jul-2025

Time Volume / Share Price
14:35 11,140 @ 0.77p
14:31 68,377 @ 0.77p
13:39 6,500 @ 0.77p
12:30 182,342 @ 0.72p
11:55 280,986 @ 0.72p

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