Shares of Southern Energy Corp. (LON:SOUC – Get Free Report) rose 6.7% on Friday . The stock traded as high as GBX 4 and last traded at GBX 4. Approximately 1,408,737 shares changed hands during trading, an increase of 855% from the average daily volume of 147,544 shares. The stock had previously closed at GBX 3.75.
Southern Energy Trading Up 6.7%
The company has a fifty day simple moving average of GBX 4 and a two-hundred day simple moving average of GBX 4.07. The company has a quick ratio of 2.59, a current ratio of 0.75 and a debt-to-equity ratio of 100.10. The stock has a market capitalization of £14.65 million, a P/E ratio of -1.33 and a beta of 0.06.
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.
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