Southern Energy (LON:SOUC) Trading Down 2.6% – Here’s Why

Southern Energy Corp. (LON:SOUC) shares were down 2.6% on Wednesday . The stock traded as low as GBX 8.35 ($0.10) and last traded at GBX 8.53 ($0.10). Approximately 112,084 shares changed hands during trading, an increase of 216% from the average daily volume of 35,474 shares. The stock had previously closed at GBX 8.75 ($0.11).

Southern Energy Stock Performance

The company has a market capitalization of £14.19 million, a P/E ratio of -34.10 and a beta of 1.17. The company has a debt-to-equity ratio of 103.68, a quick ratio of 2.59 and a current ratio of 0.37. The business’s fifty day simple moving average is GBX 6.20 and its 200-day simple moving average is GBX 12.06.

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.