Southern Energy (LON:SOUC) Shares Up 6.7% – Here’s What Happened

Southern Energy Corp. (LON:SOUCGet Free Report) was up 6.7% during mid-day trading on Monday . The company traded as high as GBX 4.85 and last traded at GBX 4. Approximately 52,383 shares traded hands during trading, a decline of 68% from the average daily volume of 164,742 shares. The stock had previously closed at GBX 3.75.

Southern Energy Price Performance

The company has a market capitalization of £13.45 million, a PE ratio of -1.33 and a beta of 1.17. The company has a quick ratio of 2.59, a current ratio of 0.22 and a debt-to-equity ratio of 17.43. The firm’s 50-day moving average is GBX 3.55 and its 200-day moving average is GBX 3.25.

Southern Energy Company Profile

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Southern Energy Corp. is a natural gas exploration and production company. Southern has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. Our management team has a long and successful history working together and have created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields and the utilization of re-development strategies utilizing horizontal drilling and multi-staged fracture completion techniques.

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