Will Sound Energy PLC Short Squeeze Soon?

 Will Sound Energy PLC Short Squeeze Soon?

The stock of Sound Energy PLC (LON:SOU) is a huge mover today! The stock decreased 0.92% or GBX 0.75 on November 24, hitting GBX 80.75. About 6.81 million shares traded hands or 65.69% up from the average. Sound Energy PLC (LON:SOU) has risen 417.46% since April 27, 2016 and is uptrending. It has outperformed by 412.05% the S&P500.
The move comes after 8 months negative chart setup for the GBX 465.89M company. It was reported on Nov, 24 by Barchart.com. We have GBX 74.29 PT which if reached, will make LON:SOU worth GBX 37.27M less.

Sound Energy PLC (LON:SOU) Ratings Coverage

Out of 2 analysts covering Sound Oil PLC (LON:SOU), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sound Oil PLC has been the topic of 65 analyst reports since September 7, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald maintained it with “Buy” rating and GBX 40 target price in Monday, July 11 report. On Tuesday, January 26 the stock rating was maintained by FinnCap with “Buy”. Cantor Fitzgerald maintained Sound Energy PLC (LON:SOU) on Monday, March 14 with “Buy” rating. Cantor Fitzgerald maintained it with “Buy” rating and GBX 40 target price in Tuesday, May 24 report. The firm has “Buy” rating given on Tuesday, May 10 by FinnCap. FinnCap maintained it with “Buy” rating and GBX 32 target price in Monday, February 29 report. As per Friday, September 23, the company rating was maintained by FinnCap. The company was maintained on Thursday, January 14 by Cantor Fitzgerald. The stock has “Buy” rating given by Cantor Fitzgerald on Friday, February 26. The firm earned “Buy” rating on Monday, August 8 by Cantor Fitzgerald.

Sound Energy plc is a Mediterranean upstream company. The company has a market cap of 465.89 million GBP. The principal activity of the Company and its subsidiaries is the exploration, appraisal and development to production as an operator in the gas and oil industry. It currently has negative earnings. The Company’s principal activity is in Italy and Morocco.

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