Royal Bank of Canada started coverage on shares of Sound Energy (LON:SOU) in a research note issued to investors on Thursday, September 6th. The brokerage issued a buy rating and a GBX 60 ($0.78) target price on the stock.

LON SOU traded down GBX 0.50 ($0.01) on Thursday, reaching GBX 39 ($0.51). The company had a trading volume of 834,731 shares, compared to its average volume of 1,270,000. Sound Energy has a 1-year low of GBX 38.50 ($0.50) and a 1-year high of GBX 90 ($1.17).

About Sound Energy

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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