An update from Sound Energy ( (GB:SOU) ) is now available.
Sound Energy PLC has completed the sale of its entire share capital of Sound Energy Morocco East Limited to Managem SA for up to $45.2 million. This transaction allows Sound Energy to retain significant interests in Moroccan energy assets while receiving financial backing for future developments and exploration, marking a transformative step in the company’s operations and strategic positioning.
More about Sound Energy
Sound Energy PLC is a transition energy company, operating primarily in the energy sector with a focus on exploration and production. The company is involved in energy projects in Morocco, holding interests in various exploration and production permits and concessions.
YTD Price Performance: -9.72%
Average Trading Volume: 2,496,107
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £13.52M
See more insights into SOU stock on TipRanks’ Stock Analysis page.