Southern Energy (LON:SOUC) Shares Down 6.7% – Here’s Why

Southern Energy Corp. (LON:SOUCGet Free Report)’s share price traded down 6.7% during trading on Thursday . The company traded as low as GBX 3.50 and last traded at GBX 3.50. 510 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 167,910 shares. The stock had previously closed at GBX 3.75.

Southern Energy Stock Performance

The firm has a market cap of £13.00 million, a price-to-earnings ratio of -3.55 and a beta of 0.06. The company has a debt-to-equity ratio of 100.10, a current ratio of 0.75 and a quick ratio of 2.59. The firm has a fifty day simple moving average of GBX 3.61 and a two-hundred day simple moving average of GBX 3.90.

About Southern Energy

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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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