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

Southern Energy Corp. (LON:SOUC)’s share price was down 10% on Thursday . The company traded as low as GBX 3.60 and last traded at GBX 3.60. Approximately 1,179,000 shares were traded during trading, an increase of 944% from the average daily volume of 112,926 shares. The stock had previously closed at GBX 4.

Southern Energy Stock Performance

The stock’s fifty day moving average price is GBX 4.03 and its two-hundred day moving average price is GBX 3.98. 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 has a market cap of £13.19 million, a P/E ratio of -1.20 and a beta of 1.17.

About Southern Energy

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.