FinnCap Reiterates Buy Rating for Sound Oil plc (SOU)

Sound Oil plc (LON:SOU)‘s stock had its “buy” rating reiterated by investment analysts at FinnCap in a report released on Thursday.

Shares of Sound Oil plc (LON:SOU) traded up 13.65% during midday trading on Thursday, hitting GBX 89.50. The stock had a trading volume of 11,390,152 shares. The company’s 50 day moving average is GBX 68.46 and its 200 day moving average is GBX 32.55. Sound Oil plc has a 52 week low of GBX 12.50 and a 52 week high of GBX 102.00. The firm’s market cap is GBX 455.74 million.

In other news, insider Whyte ,Stephen acquired 24,171 shares of Sound Oil plc stock in a transaction on Monday, August 8th. The stock was purchased at an average price of GBX 62 ($0.81) per share, with a total value of £14,986.02 ($19,561.44).

Sound Oil plc Company Profile

Sound Energy plc, formerly Sound Oil plc, is a Mediterranean oil and gas exploration and production company. The Company is focused on its onshore gas portfolio in Italy. The Company’s segments include Corporate, Exploration and Appraisal, and Development and Production. It has interests in approximately 18 licenses in Italy, including over three production concessions, over seven permits and over eight exclusive permit applications.

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