Southern Energy (LON:SOUC) Trading Down 11.9% – What’s Next?

Southern Energy Corp. (LON:SOUC)’s stock price traded down 11.9% on Thursday . The company traded as low as GBX 3.50 and last traded at GBX 3.53. 32,981 shares changed hands during trading, a decline of 47% from the average session volume of 62,191 shares. The stock had previously closed at GBX 4.

Southern Energy Price Performance

The business’s fifty day simple moving average is GBX 4.33 and its 200-day simple moving average is GBX 3.65. The firm has a market cap of £12.78 million, a P/E ratio of -1.27 and a beta of 1.17. The company has a current ratio of 0.22, a quick ratio of 2.59 and a debt-to-equity ratio of 17.43.

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.