Southern Energy (LON:SOUC) Trading Down 10% – Here’s What Happened

Southern Energy Corp. (LON:SOUC)’s stock price fell 10% during trading on Thursday . The stock traded as low as GBX 3.60 and last traded at GBX 3.60. 1,179,000 shares traded hands during mid-day trading, an increase of 944% from the average session volume of 112,926 shares. The stock had previously closed at GBX 4.

Southern Energy Stock Performance

The firm has a market cap of £13.19 million, a P/E ratio of -1.20 and a beta of 1.17. The company has a debt-to-equity ratio of 79.93, a quick ratio of 2.59 and a current ratio of 0.25. The company’s 50 day moving average is GBX 4.03 and its 200 day moving average is GBX 3.98.

Southern Energy Company Profile

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.